Call reports 2008
MERCHANTS STATE BANK — 2008
What MERCHANTS STATE BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 107,342,000 | 118,044,000 | 119,147,000 | 114,733,000 |
| Total loans | 78,294,000 | 80,898,000 | 83,063,000 | 86,052,000 |
| Allowance for loan losses | 1,003,000 | 1,010,000 | 1,038,000 | 1,066,000 |
| Securities available for sale | 21,409,000 | 30,587,000 | 27,927,000 | 21,344,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 90,895,000 | 98,570,000 | 97,462,000 | 96,728,000 |
| Interest-bearing deposits | 81,724,000 | 88,581,000 | 86,605,000 | 83,928,000 |
| Noninterest-bearing deposits | 9,171,000 | 9,989,000 | 10,857,000 | 12,800,000 |
| Equity capital | 8,538,000 | 8,070,000 | 7,938,000 | 8,936,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 1,887,000 | 3,760,000 | 5,612,000 | 7,426,000 |
| Interest expense | 825,000 | 1,641,000 | 2,454,000 | 3,254,000 |
| Net interest income | 1,062,000 | 2,119,000 | 3,158,000 | 4,172,000 |
| Noninterest income | 108,000 | 232,000 | 378,000 | 492,000 |
| Noninterest expense | 942,000 | 1,834,000 | 2,670,000 | 3,452,000 |
| Provision for loan losses | 42,000 | 85,000 | 127,000 | 155,000 |
| Pretax income | 187,000 | 435,000 | 206,000 | 525,000 |
| Income tax | 15,000 | 24,000 | 15,000 | -55,000 |
| Net income | 172,000 | 411,000 | 191,000 | 580,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,488,000 | 8,723,000 | 8,520,000 | 8,909,000 |
| Total capital | 9,491,000 | 9,733,000 | 9,558,000 | 9,975,000 |
| Risk-weighted assets | 86,048,000 | 90,365,000 | 92,107,000 | 93,251,000 |