Call reports 2013
MERCHANTS STATE BANK — 2013
What MERCHANTS STATE BANK reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 145,306,000 | 143,105,000 | 142,368,000 | 150,551,000 |
| Total loans | 73,115,000 | 76,911,000 | 81,333,000 | 89,335,000 |
| Allowance for loan losses | 962,000 | 955,000 | 955,000 | 910,000 |
| Securities available for sale | 63,629,000 | 58,345,000 | 52,517,000 | 52,767,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 127,262,000 | 123,537,000 | 119,053,000 | 125,164,000 |
| Interest-bearing deposits | 103,370,000 | 103,342,000 | 98,860,000 | 99,507,000 |
| Noninterest-bearing deposits | 23,892,000 | 20,195,000 | 20,193,000 | 25,657,000 |
| Equity capital | 13,498,000 | 11,737,000 | 11,761,000 | 12,028,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 1,518,000 | 3,060,000 | 4,586,000 | 6,121,000 |
| Interest expense | 184,000 | 357,000 | 525,000 | 690,000 |
| Net interest income | 1,334,000 | 2,703,000 | 4,061,000 | 5,431,000 |
| Noninterest income | 137,000 | 286,000 | 428,000 | 609,000 |
| Noninterest expense | 933,000 | 1,801,000 | 2,737,000 | 3,856,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 509,000 | 1,118,000 | 1,617,000 | 2,008,000 |
| Income tax | 36,000 | 65,000 | 70,000 | 111,000 |
| Net income | 473,000 | 1,053,000 | 1,547,000 | 1,897,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,149,000 | 12,228,000 | 12,122,000 | 12,472,000 |
| Total capital | 13,111,000 | 13,183,000 | 13,077,000 | 13,382,000 |
| Risk-weighted assets | 90,576,000 | 93,453,000 | 97,858,000 | 105,849,000 |