Call reports 2009
MERCHANTS STATE BANK — 2009
What MERCHANTS STATE BANK reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 114,795,000 | 116,844,000 | 118,006,000 | 122,694,000 |
| Total loans | 86,499,000 | 86,139,000 | 86,209,000 | 85,366,000 |
| Allowance for loan losses | 1,174,000 | 1,091,000 | 1,004,000 | 795,000 |
| Securities available for sale | 21,457,000 | 22,232,000 | 23,247,000 | 27,409,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 94,013,000 | 95,890,000 | 95,898,000 | 104,132,000 |
| Interest-bearing deposits | 84,293,000 | 86,369,000 | 86,398,000 | 90,572,000 |
| Noninterest-bearing deposits | 9,720,000 | 9,521,000 | 9,500,000 | 13,560,000 |
| Equity capital | 8,912,000 | 9,155,000 | 9,591,000 | 9,002,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 1,708,000 | 3,435,000 | 5,172,000 | 6,867,000 |
| Interest expense | 676,000 | 1,274,000 | 1,877,000 | 2,476,000 |
| Net interest income | 1,032,000 | 2,161,000 | 3,295,000 | 4,391,000 |
| Noninterest income | 140,000 | 278,000 | 381,000 | 469,000 |
| Noninterest expense | 831,000 | 1,746,000 | 2,759,000 | 3,728,000 |
| Provision for loan losses | 100,000 | 200,000 | 300,000 | 700,000 |
| Pretax income | 242,000 | 495,000 | 613,000 | 429,000 |
| Income tax | 35,000 | 49,000 | 54,000 | 83,000 |
| Net income | 207,000 | 446,000 | 559,000 | 346,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,006,000 | 9,246,000 | 9,359,000 | 9,145,000 |
| Total capital | 10,177,000 | 10,337,000 | 10,363,000 | 9,940,000 |
| Risk-weighted assets | 93,674,000 | 94,839,000 | 94,511,000 | 95,194,000 |