Call reports 2014
MERCHANTS STATE BANK — 2014
What MERCHANTS STATE BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 141,092,000 | 144,922,000 | 146,365,000 | 153,283,000 |
| Total loans | 87,401,000 | 88,865,000 | 91,485,000 | 101,301,000 |
| Allowance for loan losses | 955,000 | 1,004,000 | 1,067,000 | 1,069,000 |
| Securities available for sale | 43,664,000 | 45,241,000 | 46,545,000 | 42,365,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 123,463,000 | 126,584,000 | 120,475,000 | 130,476,000 |
| Interest-bearing deposits | 102,107,000 | 104,038,000 | 101,781,000 | 106,145,000 |
| Noninterest-bearing deposits | 21,356,000 | 22,546,000 | 18,694,000 | 24,331,000 |
| Equity capital | 12,952,000 | 13,612,000 | 13,736,000 | 14,137,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 1,518,000 | 3,015,000 | 4,520,000 | 6,072,000 |
| Interest expense | 161,000 | 315,000 | 472,000 | 628,000 |
| Net interest income | 1,357,000 | 2,700,000 | 4,048,000 | 5,444,000 |
| Noninterest income | 125,000 | 265,000 | 399,000 | 530,000 |
| Noninterest expense | 930,000 | 1,806,000 | 2,748,000 | 3,998,000 |
| Provision for loan losses | 50,000 | 100,000 | 150,000 | 150,000 |
| Pretax income | 488,000 | 1,029,000 | 1,495,000 | 1,836,000 |
| Income tax | 29,000 | 53,000 | 75,000 | 97,000 |
| Net income | 459,000 | 976,000 | 1,420,000 | 1,739,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,932,000 | 13,274,000 | 13,217,000 | 13,537,000 |
| Total capital | 13,887,000 | 14,278,000 | 14,284,000 | 14,606,000 |
| Risk-weighted assets | 101,381,000 | 102,881,000 | 105,412,000 | 114,368,000 |