Call reports 2010
MERCHANTS STATE BANK — 2010
What MERCHANTS STATE BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 118,717,000 | 119,997,000 | 117,106,000 | 126,211,000 |
| Total loans | 85,699,000 | 86,932,000 | 84,080,000 | 83,754,000 |
| Allowance for loan losses | 938,000 | 908,000 | 1,003,000 | 1,013,000 |
| Securities available for sale | 22,924,000 | 24,280,000 | 24,127,000 | 33,707,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 101,310,000 | 105,288,000 | 101,878,000 | 110,494,000 |
| Interest-bearing deposits | 90,005,000 | 95,253,000 | 91,061,000 | 93,298,000 |
| Noninterest-bearing deposits | 11,305,000 | 10,035,000 | 10,817,000 | 17,196,000 |
| Equity capital | 9,339,000 | 9,777,000 | 10,173,000 | 9,042,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 1,750,000 | 3,488,000 | 5,188,000 | 6,885,000 |
| Interest expense | 549,000 | 1,089,000 | 1,580,000 | 2,025,000 |
| Net interest income | 1,201,000 | 2,399,000 | 3,608,000 | 4,860,000 |
| Noninterest income | 121,000 | -49,000 | 33,000 | 303,000 |
| Noninterest expense | 965,000 | 1,680,000 | 2,574,000 | 3,551,000 |
| Provision for loan losses | 169,000 | 238,000 | 406,000 | 575,000 |
| Pretax income | 199,000 | 508,000 | 740,000 | 1,118,000 |
| Income tax | 13,000 | 25,000 | 34,000 | 33,000 |
| Net income | 186,000 | 483,000 | 706,000 | 1,085,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,202,000 | 9,498,000 | 9,586,000 | 9,966,000 |
| Total capital | 10,140,000 | 10,406,000 | 10,589,000 | 10,979,000 |
| Risk-weighted assets | 94,303,000 | 95,521,000 | 92,772,000 | 96,302,000 |