Call reports 2002
MERCHANTS BANK, NATIONAL ASSOCIATION — 2002
What MERCHANTS BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 39,132,000 | 40,260,000 | 40,334,000 | 41,068,000 |
| Total loans | 26,463,000 | 27,675,000 | 27,567,000 | 27,021,000 |
| Allowance for loan losses | 420,000 | 435,000 | 457,000 | 480,000 |
| Securities available for sale | 10,721,000 | 11,047,000 | 10,702,000 | 9,604,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 35,372,000 | 36,040,000 | 34,453,000 | 34,543,000 |
| Interest-bearing deposits | 32,778,000 | 32,704,000 | 31,781,000 | 31,597,000 |
| Noninterest-bearing deposits | 2,594,000 | 3,336,000 | 2,672,000 | 2,946,000 |
| Equity capital | 3,088,000 | 3,390,000 | 3,659,000 | 3,822,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 638,000 | 1,299,000 | 1,954,000 | 2,598,000 |
| Interest expense | 168,000 | 329,000 | 483,000 | 630,000 |
| Net interest income | 470,000 | 970,000 | 1,471,000 | 1,968,000 |
| Noninterest income | 62,000 | 134,000 | 206,000 | 326,000 |
| Noninterest expense | 277,000 | 554,000 | 828,000 | 1,141,000 |
| Provision for loan losses | 15,000 | 30,000 | 52,000 | 75,000 |
| Pretax income | 240,000 | 520,000 | 797,000 | 1,078,000 |
| Income tax | 93,000 | 202,000 | 311,000 | 423,000 |
| Net income | 147,000 | 318,000 | 486,000 | 655,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,946,000 | 3,117,000 | 3,285,000 | 3,445,000 |
| Total capital | 3,279,000 | 3,465,000 | 3,630,000 | 3,787,000 |
| Risk-weighted assets | 26,583,000 | 27,678,000 | 27,362,000 | 27,064,000 |