Call reports 2003
MERCHANTS BANK, NATIONAL ASSOCIATION — 2003
What MERCHANTS BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 40,255,000 | 41,859,000 | 40,601,000 | 39,584,000 |
| Total loans | 25,922,000 | 27,834,000 | 26,555,000 | 24,157,000 |
| Allowance for loan losses | 484,000 | 487,000 | 490,000 | 492,000 |
| Securities available for sale | 11,386,000 | 10,216,000 | 11,720,000 | 12,348,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 33,669,000 | 35,158,000 | 33,512,000 | 33,572,000 |
| Interest-bearing deposits | 31,136,000 | 32,132,000 | 30,285,000 | 30,259,000 |
| Noninterest-bearing deposits | 2,533,000 | 3,025,000 | 3,226,000 | 3,313,000 |
| Equity capital | 3,900,000 | 4,053,000 | 3,498,000 | 3,644,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 602,000 | 1,194,000 | 1,765,000 | 2,304,000 |
| Interest expense | 139,000 | 278,000 | 399,000 | 507,000 |
| Net interest income | 463,000 | 916,000 | 1,366,000 | 1,797,000 |
| Noninterest income | 101,000 | 249,000 | 380,000 | 457,000 |
| Noninterest expense | 311,000 | 624,000 | 939,000 | 1,282,000 |
| Provision for loan losses | 3,000 | 6,000 | 9,000 | 11,000 |
| Pretax income | 250,000 | 535,000 | 798,000 | 961,000 |
| Income tax | 98,000 | 209,000 | 311,000 | 376,000 |
| Net income | 152,000 | 326,000 | 487,000 | 585,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,597,000 | 3,771,000 | 3,282,000 | 3,388,000 |
| Total capital | 3,932,000 | 4,133,000 | 3,629,000 | 3,712,000 |
| Risk-weighted assets | 26,574,000 | 28,673,000 | 27,483,000 | 25,679,000 |