Call reports 2005
MERCHANTS BANK, NATIONAL ASSOCIATION — 2005
What MERCHANTS BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Total assets | 40,661,000 | 40,235,000 | 39,584,000 | 40,053,000 |
| Total loans | 27,195,000 | 26,802,000 | 26,429,000 | 26,450,000 |
| Allowance for loan losses | 474,000 | 488,000 | 480,000 | 396,000 |
| Securities available for sale | 9,979,000 | 9,631,000 | 10,086,000 | 10,911,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 34,959,000 | 34,318,000 | 33,630,000 | 34,634,000 |
| Interest-bearing deposits | 30,606,000 | 30,350,000 | 29,981,000 | 30,592,000 |
| Noninterest-bearing deposits | 4,354,000 | 3,969,000 | 3,648,000 | 4,042,000 |
| Equity capital | 3,660,000 | 3,842,000 | 3,645,000 | 3,782,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Interest income | 553,000 | 1,114,000 | 1,680,000 | 2,266,000 |
| Interest expense | 111,000 | 225,000 | 359,000 | 494,000 |
| Net interest income | 442,000 | 889,000 | 1,321,000 | 1,772,000 |
| Noninterest income | 75,000 | 176,000 | 287,000 | 391,000 |
| Noninterest expense | 344,000 | 692,000 | 997,000 | 1,332,000 |
| Provision for loan losses | 6,000 | 12,000 | 12,000 | -88,000 |
| Pretax income | 167,000 | 361,000 | 599,000 | 919,000 |
| Income tax | 59,000 | 130,000 | 217,000 | 340,000 |
| Net income | 108,000 | 231,000 | 382,000 | 579,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,593,000 | 3,717,000 | 3,552,000 | 3,752,000 |
| Total capital | 3,953,000 | 4,070,000 | 3,875,000 | 4,109,000 |
| Risk-weighted assets | 28,536,000 | 27,944,000 | 25,509,000 | 28,376,000 |