Call reports 2018
MERCHANTS STATE BANK — 2018
What MERCHANTS STATE BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 163,536,000 | 163,399,000 | 166,840,000 | 176,495,000 |
| Total loans | 123,726,000 | 124,770,000 | 130,922,000 | 134,796,000 |
| Allowance for loan losses | 1,476,000 | 1,516,000 | 1,598,000 | 1,532,000 |
| Securities available for sale | 30,543,000 | 29,414,000 | 26,134,000 | 25,855,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 130,127,000 | 131,221,000 | 133,573,000 | 144,960,000 |
| Interest-bearing deposits | 106,428,000 | 110,073,000 | 111,155,000 | 115,276,000 |
| Noninterest-bearing deposits | 23,699,000 | 21,148,000 | 22,418,000 | 29,684,000 |
| Equity capital | 19,511,000 | 19,955,000 | 20,293,000 | 21,011,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 1,883,000 | 3,864,000 | 5,879,000 | 8,035,000 |
| Interest expense | 198,000 | 496,000 | 832,000 | 1,210,000 |
| Net interest income | 1,685,000 | 3,368,000 | 5,047,000 | 6,825,000 |
| Noninterest income | 125,000 | 249,000 | 379,000 | 500,000 |
| Noninterest expense | 962,000 | 1,861,000 | 2,787,000 | 3,978,000 |
| Provision for loan losses | 75,000 | 150,000 | 225,000 | 300,000 |
| Pretax income | 770,000 | 1,600,000 | 2,464,000 | 3,095,000 |
| Income tax | 47,000 | 84,000 | 127,000 | 154,000 |
| Net income | 723,000 | 1,516,000 | 2,337,000 | 2,941,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 19,520,000 | 19,984,000 | 20,489,000 | 21,093,000 |
| Total capital | 20,996,000 | 21,500,000 | 22,087,000 | 22,625,000 |
| Risk-weighted assets | 136,452,000 | 137,937,000 | 143,563,000 | 147,809,000 |