Call reports 2021
MERCHANTS COMMERCIAL BANK — 2021
What MERCHANTS COMMERCIAL BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 368,393,000 | 358,686,000 | 339,229,000 | 398,955,000 |
| Total loans | 134,406,000 | 135,119,000 | 141,703,000 | 144,636,000 |
| Allowance for loan losses | 2,549,000 | 2,624,000 | 2,627,000 | 2,630,000 |
| Securities available for sale | 138,693,000 | 201,394,000 | 179,421,000 | 193,454,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 334,714,000 | 322,888,000 | 302,856,000 | 362,525,000 |
| Interest-bearing deposits | 127,902,000 | 131,233,000 | 130,940,000 | 156,229,000 |
| Noninterest-bearing deposits | 206,812,000 | 191,655,000 | 171,915,000 | 206,296,000 |
| Equity capital | 31,711,000 | 33,971,000 | 34,774,000 | 35,198,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 2,754,000 | 5,691,000 | 8,972,000 | 12,209,000 |
| Interest expense | 35,000 | 67,000 | 105,000 | 146,000 |
| Net interest income | 2,719,000 | 5,624,000 | 8,867,000 | 12,063,000 |
| Noninterest income | 301,000 | 751,000 | 1,087,000 | 1,427,000 |
| Noninterest expense | 1,420,000 | 2,956,000 | 4,552,000 | 6,201,000 |
| Provision for loan losses | 270,000 | 342,000 | 342,000 | 342,000 |
| Pretax income | 1,330,000 | 3,077,000 | 5,353,000 | 7,240,000 |
| Income tax | 239,000 | 562,000 | 988,000 | 1,329,000 |
| Net income | 1,091,000 | 2,515,000 | 4,365,000 | 5,911,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 27,663,000 | 28,910,000 | 30,582,000 | 31,885,000 |