Call reports 2003
MERCHANTS STATE BANK — 2003
What MERCHANTS STATE BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 87,513,000 | 85,450,000 | 84,916,000 | 86,022,000 |
| Total loans | 67,208,000 | 65,759,000 | 65,836,000 | 65,385,000 |
| Allowance for loan losses | 1,338,000 | 1,346,000 | 1,269,000 | 1,328,000 |
| Securities available for sale | 9,526,000 | 12,409,000 | 11,680,000 | 14,586,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 76,664,000 | 77,350,000 | 76,626,000 | 76,812,000 |
| Interest-bearing deposits | 70,367,000 | 71,321,000 | 70,389,000 | 70,109,000 |
| Noninterest-bearing deposits | 6,297,000 | 6,029,000 | 6,237,000 | 6,703,000 |
| Equity capital | 6,433,000 | 6,629,000 | 6,730,000 | 6,988,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 1,390,000 | 2,830,000 | 4,177,000 | 5,550,000 |
| Interest expense | 572,000 | 1,108,000 | 1,548,000 | 1,960,000 |
| Net interest income | 818,000 | 1,722,000 | 2,629,000 | 3,590,000 |
| Noninterest income | 104,000 | 198,000 | 298,000 | 360,000 |
| Noninterest expense | 733,000 | 1,430,000 | 2,150,000 | 2,802,000 |
| Provision for loan losses | 70,000 | 139,000 | 208,000 | 255,000 |
| Pretax income | 119,000 | 366,000 | 587,000 | 910,000 |
| Income tax | 38,000 | 86,000 | 142,000 | 225,000 |
| Net income | 81,000 | 280,000 | 445,000 | 685,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,310,000 | 6,510,000 | 6,674,000 | 6,915,000 |
| Total capital | 7,226,000 | 7,407,000 | 7,570,000 | 7,807,000 |
| Risk-weighted assets | 72,885,000 | 71,304,000 | 71,281,000 | 70,925,000 |