Call reports 2017
MERCHANTS STATE BANK — 2017
What MERCHANTS STATE BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 153,625,000 | 154,000,000 | 153,183,000 | 158,887,000 |
| Total loans | 107,253,000 | 110,868,000 | 110,907,000 | 118,157,000 |
| Allowance for loan losses | 1,345,000 | 1,391,000 | 1,324,000 | 1,400,000 |
| Securities available for sale | 34,880,000 | 33,763,000 | 33,108,000 | 31,569,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 132,091,000 | 130,800,000 | 128,656,000 | 130,494,000 |
| Interest-bearing deposits | 110,272,000 | 109,641,000 | 106,283,000 | 105,229,000 |
| Noninterest-bearing deposits | 21,819,000 | 21,159,000 | 22,373,000 | 25,265,000 |
| Equity capital | 18,188,000 | 18,512,000 | 19,135,000 | 19,343,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 1,642,000 | 3,364,000 | 5,054,000 | 6,810,000 |
| Interest expense | 162,000 | 322,000 | 480,000 | 647,000 |
| Net interest income | 1,480,000 | 3,042,000 | 4,574,000 | 6,163,000 |
| Noninterest income | 114,000 | 237,000 | 370,000 | 489,000 |
| Noninterest expense | 889,000 | 1,841,000 | 2,732,000 | 3,930,000 |
| Provision for loan losses | 75,000 | 130,000 | 205,000 | 280,000 |
| Pretax income | 623,000 | 1,286,000 | 2,022,000 | 2,452,000 |
| Income tax | 32,000 | 60,000 | 92,000 | 90,000 |
| Net income | 591,000 | 1,226,000 | 1,930,000 | 2,362,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 17,867,000 | 18,002,000 | 18,706,000 | 19,137,000 |
| Total capital | 19,212,000 | 19,393,000 | 20,030,000 | 20,537,000 |
| Risk-weighted assets | 121,734,000 | 125,020,000 | 124,538,000 | 131,391,000 |