Call reports 2001
MERCHANTS STATE BANK — 2001
What MERCHANTS STATE BANK reported to the FFIEC in 2001, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Total assets | 79,198,000 | 80,655,000 | 81,811,000 | 87,368,000 |
| Total loans | 59,126,000 | 62,099,000 | 62,858,000 | 66,412,000 |
| Allowance for loan losses | 760,000 | 629,000 | 669,000 | 785,000 |
| Securities available for sale | 11,722,000 | 11,874,000 | 9,176,000 | 12,408,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 71,810,000 | 71,766,000 | 73,607,000 | 77,422,000 |
| Interest-bearing deposits | 67,512,000 | 68,006,000 | 69,086,000 | 71,662,000 |
| Noninterest-bearing deposits | 4,298,000 | 3,760,000 | 4,521,000 | 5,760,000 |
| Equity capital | 5,911,000 | 6,515,000 | 6,578,000 | 6,544,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Interest income | 1,608,000 | 3,178,000 | 4,694,000 | 6,121,000 |
| Interest expense | 961,000 | 1,919,000 | 2,845,000 | 3,717,000 |
| Net interest income | 647,000 | 1,259,000 | 1,849,000 | 2,404,000 |
| Noninterest income | 105,000 | 229,000 | 336,000 | 471,000 |
| Noninterest expense | 870,000 | 1,485,000 | 2,134,000 | 2,658,000 |
| Provision for loan losses | 47,000 | 163,000 | 210,000 | 266,000 |
| Pretax income | -165,000 | -160,000 | -159,000 | -49,000 |
| Income tax | -70,000 | -105,000 | -105,000 | -112,000 |
| Net income | -95,000 | -55,000 | -54,000 | 63,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,735,000 | 6,375,000 | 6,376,000 | 6,493,000 |
| Total capital | 6,495,000 | 7,004,000 | 7,045,000 | 7,278,000 |
| Risk-weighted assets | 64,937,000 | 67,670,000 | 68,770,000 | 72,559,000 |