Call reports 2006
MERCHANTS BANK, NATIONAL ASSOCIATION — 2006
What MERCHANTS BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 39,178,000 | 38,675,000 | 39,348,000 | 41,469,000 |
| Total loans | 25,288,000 | 25,030,000 | 26,404,000 | 28,381,000 |
| Allowance for loan losses | 397,000 | 397,000 | 397,000 | 410,000 |
| Securities available for sale | 10,554,000 | 10,055,000 | 9,867,000 | 9,685,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 32,980,000 | 32,677,000 | 33,799,000 | 35,908,000 |
| Interest-bearing deposits | 29,245,000 | 29,051,000 | 30,331,000 | 32,409,000 |
| Noninterest-bearing deposits | 3,735,000 | 3,626,000 | 3,469,000 | 3,499,000 |
| Equity capital | 3,885,000 | 3,908,000 | 4,124,000 | 4,280,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 565,000 | 1,138,000 | 1,735,000 | 2,382,000 |
| Interest expense | 137,000 | 284,000 | 462,000 | 660,000 |
| Net interest income | 428,000 | 854,000 | 1,273,000 | 1,722,000 |
| Noninterest income | 86,000 | 191,000 | 278,000 | 379,000 |
| Noninterest expense | 333,000 | 650,000 | 968,000 | 1,341,000 |
| Provision for loan losses | 0 | 0 | 0 | 14,000 |
| Pretax income | 181,000 | 395,000 | 583,000 | 746,000 |
| Income tax | 60,000 | 135,000 | 196,000 | 254,000 |
| Net income | 121,000 | 260,000 | 387,000 | 492,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,874,000 | 4,013,000 | 4,139,000 | 4,252,000 |
| Total capital | 4,223,000 | 4,362,000 | 4,506,000 | 4,643,000 |
| Risk-weighted assets | 27,737,000 | 27,757,000 | 29,171,000 | 31,052,000 |