Call reports 2020
MERCHANTS STATE BANK — 2020
What MERCHANTS STATE BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 178,278,000 | 192,195,000 | 189,175,000 | 202,377,000 |
| Total loans | 143,373,000 | 147,793,000 | 142,331,000 | 135,872,000 |
| Allowance for loan losses | 1,626,000 | 1,701,000 | 1,783,000 | 1,743,000 |
| Securities available for sale | 23,835,000 | 23,725,000 | 29,105,000 | 42,777,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 142,304,000 | 158,656,000 | 155,056,000 | 167,438,000 |
| Interest-bearing deposits | 116,678,000 | 130,924,000 | 125,514,000 | 133,894,000 |
| Noninterest-bearing deposits | 25,626,000 | 27,732,000 | 29,542,000 | 33,544,000 |
| Equity capital | 24,054,000 | 24,909,000 | 25,452,000 | 26,419,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 2,189,000 | 4,308,000 | 6,378,000 | 8,641,000 |
| Interest expense | 443,000 | 865,000 | 1,251,000 | 1,613,000 |
| Net interest income | 1,746,000 | 3,443,000 | 5,127,000 | 7,028,000 |
| Noninterest income | 122,000 | 225,000 | 342,000 | 452,000 |
| Noninterest expense | 948,000 | 1,840,000 | 2,730,000 | 4,004,000 |
| Provision for loan losses | 75,000 | 150,000 | 150,000 | 150,000 |
| Pretax income | 844,000 | 1,676,000 | 2,581,000 | 3,303,000 |
| Income tax | 48,000 | 88,000 | 134,000 | 163,000 |
| Net income | 796,000 | 1,588,000 | 2,447,000 | 3,140,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,790,000 | 24,356,000 | 24,956,000 | 25,648,000 |