Call reports 2007
MERCHANTS BANK, NATIONAL ASSOCIATION — 2007
What MERCHANTS BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 40,830,000 | 41,204,000 | 42,219,000 | 46,894,000 |
| Total loans | 29,341,000 | 27,725,000 | 26,993,000 | 25,366,000 |
| Allowance for loan losses | 418,000 | 418,000 | 416,000 | 414,000 |
| Securities available for sale | 9,357,000 | 8,790,000 | 8,647,000 | 17,853,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 35,177,000 | 35,611,000 | 36,479,000 | 37,251,000 |
| Interest-bearing deposits | 31,453,000 | 31,992,000 | 32,199,000 | 32,873,000 |
| Noninterest-bearing deposits | 3,725,000 | 3,619,000 | 4,280,000 | 4,378,000 |
| Equity capital | 4,399,000 | 4,421,000 | 4,647,000 | 4,909,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 646,000 | 1,309,000 | 1,964,000 | 2,643,000 |
| Interest expense | 202,000 | 412,000 | 629,000 | 852,000 |
| Net interest income | 444,000 | 897,000 | 1,335,000 | 1,791,000 |
| Noninterest income | 76,000 | 176,000 | 263,000 | 395,000 |
| Noninterest expense | 347,000 | 680,000 | 1,012,000 | 1,355,000 |
| Provision for loan losses | 20,000 | 20,000 | 20,000 | 20,000 |
| Pretax income | 153,000 | 373,000 | 566,000 | 811,000 |
| Income tax | 49,000 | 128,000 | 192,000 | 266,000 |
| Net income | 104,000 | 245,000 | 374,000 | 545,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,356,000 | 4,497,000 | 4,626,000 | 4,797,000 |
| Total capital | 4,753,000 | 4,890,000 | 5,015,000 | 5,179,000 |
| Risk-weighted assets | 31,476,000 | 31,267,000 | 31,016,000 | 30,458,000 |