Call reports 2007
MERCHANTS STATE BANK — 2007
What MERCHANTS STATE BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 103,960,000 | 102,513,000 | 103,695,000 | 107,858,000 |
| Total loans | 80,334,000 | 79,356,000 | 79,845,000 | 82,042,000 |
| Allowance for loan losses | 1,078,000 | 949,000 | 970,000 | 965,000 |
| Securities available for sale | 15,458,000 | 15,226,000 | 15,149,000 | 15,691,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 87,251,000 | 85,712,000 | 85,801,000 | 91,849,000 |
| Interest-bearing deposits | 79,333,000 | 77,891,000 | 77,885,000 | 81,847,000 |
| Noninterest-bearing deposits | 7,918,000 | 7,821,000 | 7,916,000 | 10,002,000 |
| Equity capital | 7,892,000 | 7,849,000 | 8,055,000 | 8,399,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 1,941,000 | 3,889,000 | 5,812,000 | 7,765,000 |
| Interest expense | 846,000 | 1,723,000 | 2,593,000 | 3,465,000 |
| Net interest income | 1,095,000 | 2,166,000 | 3,219,000 | 4,300,000 |
| Noninterest income | 113,000 | 229,000 | 348,000 | 470,000 |
| Noninterest expense | 869,000 | 1,731,000 | 2,570,000 | 3,475,000 |
| Provision for loan losses | 45,000 | 90,000 | 135,000 | 180,000 |
| Pretax income | 296,000 | 578,000 | 866,000 | 1,120,000 |
| Income tax | 9,000 | 24,000 | 35,000 | 45,000 |
| Net income | 287,000 | 554,000 | 831,000 | 1,075,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,025,000 | 8,193,000 | 8,210,000 | 8,454,000 |
| Total capital | 9,103,000 | 9,142,000 | 9,180,000 | 9,426,000 |
| Risk-weighted assets | 86,551,000 | 86,015,000 | 86,527,000 | 89,459,000 |