Call reports 2008
MERCHANTS BANK, NATIONAL ASSOCIATION — 2008
What MERCHANTS BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 47,994,000 | 46,126,000 | 48,904,000 | 49,585,000 |
| Total loans | 25,977,000 | 25,468,000 | 25,756,000 | 27,697,000 |
| Allowance for loan losses | 414,000 | 414,000 | 414,000 | 416,000 |
| Securities available for sale | 18,654,000 | 15,171,000 | 12,625,000 | 10,339,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 35,587,000 | 36,141,000 | 38,649,000 | 39,743,000 |
| Interest-bearing deposits | 31,490,000 | 31,793,000 | 34,011,000 | 34,813,000 |
| Noninterest-bearing deposits | 4,097,000 | 4,348,000 | 4,638,000 | 4,930,000 |
| Equity capital | 5,209,000 | 4,147,000 | 4,488,000 | 3,621,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 707,000 | 1,402,000 | 2,083,000 | 2,714,000 |
| Interest expense | 249,000 | 465,000 | 683,000 | 909,000 |
| Net interest income | 458,000 | 937,000 | 1,400,000 | 1,805,000 |
| Noninterest income | 100,000 | 225,000 | 313,000 | 401,000 |
| Noninterest expense | 301,000 | 599,000 | 928,000 | 1,246,000 |
| Provision for loan losses | 0 | 0 | 22,000 | 22,000 |
| Pretax income | 257,000 | 563,000 | 768,000 | 1,008,000 |
| Income tax | 86,000 | 192,000 | 259,000 | 344,000 |
| Net income | 171,000 | 371,000 | 509,000 | 664,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,967,000 | 4,169,000 | 4,306,000 | 3,461,000 |
| Total capital | 5,366,000 | 4,565,000 | 4,705,000 | 3,877,000 |
| Risk-weighted assets | 33,377,000 | 31,536,000 | 31,768,000 | 33,802,000 |