Call reports 2011
MERCHANTS STATE BANK — 2011
What MERCHANTS STATE BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 124,903,000 | 127,678,000 | 131,131,000 | 138,697,000 |
| Total loans | 80,422,000 | 77,897,000 | 78,923,000 | 81,260,000 |
| Allowance for loan losses | 1,106,000 | 1,235,000 | 953,000 | 1,031,000 |
| Securities available for sale | 34,720,000 | 40,880,000 | 43,441,000 | 49,228,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 110,015,000 | 111,627,000 | 115,029,000 | 121,605,000 |
| Interest-bearing deposits | 96,757,000 | 98,234,000 | 98,586,000 | 100,665,000 |
| Noninterest-bearing deposits | 13,258,000 | 13,393,000 | 16,443,000 | 20,940,000 |
| Equity capital | 9,700,000 | 10,853,000 | 11,665,000 | 11,849,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 1,683,000 | 3,323,000 | 4,984,000 | 6,621,000 |
| Interest expense | 414,000 | 808,000 | 1,195,000 | 1,535,000 |
| Net interest income | 1,269,000 | 2,515,000 | 3,789,000 | 5,086,000 |
| Noninterest income | 115,000 | 266,000 | 404,000 | 432,000 |
| Noninterest expense | 898,000 | 1,790,000 | 2,684,000 | 3,737,000 |
| Provision for loan losses | 125,000 | 250,000 | 400,000 | 525,000 |
| Pretax income | 363,000 | 751,000 | 1,189,000 | 1,323,000 |
| Income tax | 24,000 | 42,000 | 56,000 | 77,000 |
| Net income | 339,000 | 709,000 | 1,133,000 | 1,246,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,304,000 | 10,434,000 | 10,598,000 | 10,712,000 |
| Total capital | 11,410,000 | 11,571,000 | 11,551,000 | 11,743,000 |
| Risk-weighted assets | 93,074,000 | 90,838,000 | 93,620,000 | 97,252,000 |