Call reports 2020
MERCHANTS AND PLANTERS BANK — 2020
What MERCHANTS AND PLANTERS BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 100,185,000 | 101,658,000 | 98,774,000 | 108,769,000 |
| Total loans | 58,602,000 | 65,585,000 | 65,291,000 | 59,646,000 |
| Allowance for loan losses | 769,000 | 819,000 | 868,000 | 1,115,000 |
| Securities available for sale | 19,695,000 | 23,460,000 | 22,163,000 | 21,351,000 |
| Securities held to maturity | 351,000 | 351,000 | 351,000 | 351,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 89,317,000 | 90,175,000 | 87,057,000 | 97,273,000 |
| Interest-bearing deposits | 62,249,000 | 65,304,000 | 64,574,000 | 68,821,000 |
| Noninterest-bearing deposits | 27,068,000 | 24,871,000 | 22,483,000 | 28,452,000 |
| Equity capital | 10,723,000 | 10,960,000 | 11,129,000 | 11,091,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 890,000 | 1,787,000 | 2,673,000 | 3,670,000 |
| Interest expense | 51,000 | 100,000 | 149,000 | 195,000 |
| Net interest income | 839,000 | 1,687,000 | 2,524,000 | 3,475,000 |
| Noninterest income | 936,000 | 1,251,000 | 1,571,000 | 2,096,000 |
| Noninterest expense | 1,021,000 | 1,962,000 | 2,915,000 | 4,196,000 |
| Provision for loan losses | 45,000 | 90,000 | 135,000 | 180,000 |
| Pretax income | 709,000 | 888,000 | 1,047,000 | 1,197,000 |
| Income tax | 180,000 | 218,000 | 251,000 | 289,000 |
| Net income | 529,000 | 670,000 | 796,000 | 908,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,843,000 | 10,052,000 | 10,216,000 | 10,219,000 |