Call reports 2002
MERCHANTS STATE BANK — 2002
What MERCHANTS STATE BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 87,671,000 | 89,046,000 | 89,549,000 | 86,556,000 |
| Total loans | 68,042,000 | 71,643,000 | 72,809,000 | 67,361,000 |
| Allowance for loan losses | 974,000 | 1,169,000 | 1,128,000 | 1,805,000 |
| Securities available for sale | 11,337,000 | 10,469,000 | 9,564,000 | 7,855,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 76,869,000 | 75,071,000 | 72,454,000 | 75,681,000 |
| Interest-bearing deposits | 71,834,000 | 70,370,000 | 67,657,000 | 69,968,000 |
| Noninterest-bearing deposits | 5,035,000 | 4,701,000 | 4,797,000 | 5,713,000 |
| Equity capital | 6,375,000 | 6,616,000 | 6,792,000 | 6,487,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 1,460,000 | 2,992,000 | 4,555,000 | 6,020,000 |
| Interest expense | 770,000 | 1,501,000 | 2,206,000 | 2,874,000 |
| Net interest income | 690,000 | 1,491,000 | 2,349,000 | 3,146,000 |
| Noninterest income | 174,000 | 280,000 | 387,000 | 460,000 |
| Noninterest expense | 791,000 | 1,326,000 | 2,031,000 | 2,631,000 |
| Provision for loan losses | 198,000 | 401,000 | 449,000 | 1,207,000 |
| Pretax income | -119,000 | 50,000 | 262,000 | -226,000 |
| Income tax | -52,000 | -6,000 | 64,000 | -172,000 |
| Net income | -67,000 | 56,000 | 198,000 | -54,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,316,000 | 6,439,000 | 6,581,000 | 6,329,000 |
| Total capital | 7,236,000 | 7,402,000 | 7,555,000 | 7,249,000 |
| Risk-weighted assets | 73,526,000 | 76,846,000 | 77,754,000 | 72,735,000 |