Call reports 2004
MERCHANTS BANK, NATIONAL ASSOCIATION — 2004
What MERCHANTS BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 41,034,000 | 39,556,000 | 40,014,000 | 42,566,000 |
| Total loans | 24,670,000 | 25,424,000 | 26,260,000 | 29,093,000 |
| Allowance for loan losses | 492,000 | 492,000 | 494,000 | 498,000 |
| Securities available for sale | 8,453,000 | 11,214,000 | 11,045,000 | 10,497,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 35,020,000 | 34,151,000 | 34,394,000 | 35,525,000 |
| Interest-bearing deposits | 31,728,000 | 31,106,000 | 31,249,000 | 31,290,000 |
| Noninterest-bearing deposits | 3,292,000 | 3,044,000 | 3,146,000 | 4,236,000 |
| Equity capital | 3,779,000 | 3,125,000 | 3,446,000 | 3,646,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 497,000 | 986,000 | 1,533,000 | 2,092,000 |
| Interest expense | 105,000 | 196,000 | 289,000 | 385,000 |
| Net interest income | 392,000 | 790,000 | 1,244,000 | 1,707,000 |
| Noninterest income | 97,000 | 218,000 | 290,000 | 374,000 |
| Noninterest expense | 322,000 | 633,000 | 941,000 | 1,272,000 |
| Provision for loan losses | 0 | 0 | 2,000 | 8,000 |
| Pretax income | 292,000 | 500,000 | 716,000 | 926,000 |
| Income tax | 111,000 | 185,000 | 264,000 | 351,000 |
| Net income | 181,000 | 315,000 | 452,000 | 575,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,569,000 | 3,118,000 | 3,255,000 | 3,486,000 |
| Total capital | 3,905,000 | 3,465,000 | 3,602,000 | 3,867,000 |
| Risk-weighted assets | 26,629,000 | 27,494,000 | 27,553,000 | 30,364,000 |