Call reports 2001
MERCHANTS BANK, NATIONAL ASSOCIATION — 2001
What MERCHANTS BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2001, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Total assets | 38,282,000 | 37,767,000 | 38,951,000 | 39,313,000 |
| Total loans | 26,628,000 | 28,081,000 | 29,177,000 | 27,540,000 |
| Allowance for loan losses | 383,000 | 387,000 | 391,000 | 408,000 |
| Securities available for sale | 6,893,000 | 7,466,000 | 7,466,000 | 8,425,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 34,440,000 | 33,505,000 | 34,918,000 | 35,128,000 |
| Interest-bearing deposits | 31,468,000 | 30,931,000 | 32,537,000 | 32,491,000 |
| Noninterest-bearing deposits | 2,972,000 | 2,574,000 | 2,381,000 | 2,637,000 |
| Equity capital | 3,048,000 | 3,221,000 | 3,432,000 | 3,528,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Interest income | 733,000 | 1,477,000 | 2,221,000 | 2,913,000 |
| Interest expense | 312,000 | 603,000 | 881,000 | 1,085,000 |
| Net interest income | 421,000 | 874,000 | 1,340,000 | 1,828,000 |
| Noninterest income | 54,000 | 121,000 | 183,000 | 255,000 |
| Noninterest expense | 278,000 | 549,000 | 829,000 | 1,123,000 |
| Provision for loan losses | 5,000 | 9,000 | 13,000 | 30,000 |
| Pretax income | 192,000 | 437,000 | 681,000 | 932,000 |
| Income tax | 80,000 | 178,000 | 278,000 | 382,000 |
| Net income | 112,000 | 259,000 | 403,000 | 550,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,880,000 | 3,038,000 | 3,192,000 | 3,349,000 |
| Total capital | 3,211,000 | 3,385,000 | 3,551,000 | 3,689,000 |
| Risk-weighted assets | 26,407,000 | 27,698,000 | 28,669,000 | 27,099,000 |