Call reports 2004
MERCHANTS STATE BANK — 2004
What MERCHANTS STATE BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 86,142,000 | 88,565,000 | 88,739,000 | 88,117,000 |
| Total loans | 64,268,000 | 68,329,000 | 68,487,000 | 67,492,000 |
| Allowance for loan losses | 1,187,000 | 1,217,000 | 1,276,000 | 1,335,000 |
| Securities available for sale | 14,639,000 | 13,444,000 | 12,551,000 | 13,190,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 77,589,000 | 77,850,000 | 75,320,000 | 77,129,000 |
| Interest-bearing deposits | 70,157,000 | 70,807,000 | 67,520,000 | 68,915,000 |
| Noninterest-bearing deposits | 7,432,000 | 7,043,000 | 7,800,000 | 8,214,000 |
| Equity capital | 7,054,000 | 7,029,000 | 7,379,000 | 7,631,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 1,374,000 | 2,760,000 | 4,153,000 | 5,580,000 |
| Interest expense | 382,000 | 760,000 | 1,128,000 | 1,505,000 |
| Net interest income | 992,000 | 2,000,000 | 3,025,000 | 4,075,000 |
| Noninterest income | 101,000 | 213,000 | 328,000 | 426,000 |
| Noninterest expense | 844,000 | 1,530,000 | 2,252,000 | 2,970,000 |
| Provision for loan losses | 54,000 | 108,000 | 162,000 | 216,000 |
| Pretax income | 195,000 | 575,000 | 941,000 | 1,322,000 |
| Income tax | 53,000 | 173,000 | 282,000 | 391,000 |
| Net income | 142,000 | 402,000 | 659,000 | 931,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,947,000 | 7,206,000 | 7,354,000 | 7,626,000 |
| Total capital | 7,825,000 | 8,131,000 | 8,279,000 | 8,541,000 |
| Risk-weighted assets | 69,905,000 | 73,689,000 | 73,672,000 | 72,817,000 |