Call reports 2005
MERCHANTS STATE BANK — 2005
What MERCHANTS STATE BANK reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Total assets | 89,063,000 | 87,464,000 | 84,635,000 | 88,554,000 |
| Total loans | 69,149,000 | 66,986,000 | 66,427,000 | 67,936,000 |
| Allowance for loan losses | 1,089,000 | 1,082,000 | 1,045,000 | 1,064,000 |
| Securities available for sale | 13,210,000 | 13,136,000 | 11,138,000 | 12,706,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 75,612,000 | 73,869,000 | 70,715,000 | 72,732,000 |
| Interest-bearing deposits | 68,408,000 | 67,061,000 | 64,009,000 | 64,957,000 |
| Noninterest-bearing deposits | 7,204,000 | 6,808,000 | 6,706,000 | 7,775,000 |
| Equity capital | 6,810,000 | 7,424,000 | 7,326,000 | 7,532,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Interest income | 1,435,000 | 2,903,000 | 4,411,000 | 5,931,000 |
| Interest expense | 381,000 | 818,000 | 1,280,000 | 1,775,000 |
| Net interest income | 1,054,000 | 2,085,000 | 3,131,000 | 4,156,000 |
| Noninterest income | 66,000 | 215,000 | 318,000 | 413,000 |
| Noninterest expense | 889,000 | 1,634,000 | 2,454,000 | 3,229,000 |
| Provision for loan losses | 42,000 | 84,000 | 126,000 | 168,000 |
| Pretax income | 190,000 | 585,000 | 854,000 | 1,158,000 |
| Income tax | 671,000 | 685,000 | 697,000 | 686,000 |
| Net income | -481,000 | -100,000 | 157,000 | 472,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,020,000 | 7,424,000 | 7,401,000 | 7,712,000 |
| Total capital | 7,947,000 | 8,423,000 | 8,296,000 | 8,634,000 |
| Risk-weighted assets | 74,004,000 | 79,828,000 | 71,455,000 | 73,592,000 |