Call reports 2023
MERCHANTS COMMERCIAL BANK — 2023
What MERCHANTS COMMERCIAL BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 487,026,000 | 441,535,000 | 440,203,000 | 501,702,000 |
| Total loans | 163,380,000 | 164,593,000 | 171,932,000 | 175,748,000 |
| Allowance for loan losses | 2,394,000 | 2,410,000 | 2,424,000 | 2,288,000 |
| Securities available for sale | 268,342,000 | 260,916,000 | 246,171,000 | 258,596,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 412,774,000 | 363,360,000 | 351,999,000 | 370,548,000 |
| Interest-bearing deposits | 258,978,000 | 202,387,000 | 184,834,000 | 179,446,000 |
| Noninterest-bearing deposits | 153,797,000 | 160,972,000 | 167,165,000 | 191,102,000 |
| Equity capital | 9,972,000 | 7,142,000 | -1,549,000 | 16,416,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 6,391,000 | 12,276,000 | 18,396,000 | 24,663,000 |
| Interest expense | 1,530,000 | 3,250,000 | 5,111,000 | 7,167,000 |
| Net interest income | 4,861,000 | 9,026,000 | 13,285,000 | 17,496,000 |
| Noninterest income | 402,000 | 790,000 | 1,158,000 | 1,646,000 |
| Noninterest expense | 1,932,000 | 3,886,000 | 5,818,000 | 7,760,000 |
| Provision for loan losses | 186,000 | 201,000 | 206,000 | 71,000 |
| Pretax income | 3,145,000 | 5,729,000 | 8,410,000 | 11,024,000 |
| Income tax | 62,000 | 62,000 | 72,000 | 77,000 |
| Net income | 3,083,000 | 5,667,000 | 8,338,000 | 10,947,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 42,069,000 | 43,024,000 | 44,404,000 | 45,678,000 |
| Total capital | 44,463,000 | — | — | — |
| Risk-weighted assets | 211,505,000 | — | — | — |