Call reports 2021
MERCHANTS STATE BANK — 2021
What MERCHANTS STATE BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 213,606,000 | 215,097,000 | 216,515,000 | 222,439,000 |
| Total loans | 128,383,000 | 119,470,000 | 114,703,000 | 123,321,000 |
| Allowance for loan losses | 1,743,000 | 1,751,000 | 1,751,000 | 1,651,000 |
| Securities available for sale | 51,564,000 | 59,690,000 | 70,806,000 | 73,051,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 179,008,000 | 181,438,000 | 182,292,000 | 191,168,000 |
| Interest-bearing deposits | 141,457,000 | 145,351,000 | 143,740,000 | 152,081,000 |
| Noninterest-bearing deposits | 37,551,000 | 36,087,000 | 38,552,000 | 39,087,000 |
| Equity capital | 26,047,000 | 27,092,000 | 27,630,000 | 27,832,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 1,923,000 | 4,301,000 | 6,427,000 | 8,234,000 |
| Interest expense | 347,000 | 665,000 | 962,000 | 1,238,000 |
| Net interest income | 1,576,000 | 3,636,000 | 5,465,000 | 6,996,000 |
| Noninterest income | 135,000 | 253,000 | 374,000 | 492,000 |
| Noninterest expense | 1,033,000 | 2,046,000 | 3,023,000 | 4,341,000 |
| Provision for loan losses | 0 | 75,000 | 75,000 | 75,000 |
| Pretax income | 648,000 | 1,696,000 | 2,619,000 | 2,897,000 |
| Income tax | 40,000 | 92,000 | 138,000 | 147,000 |
| Net income | 608,000 | 1,604,000 | 2,481,000 | 2,750,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 25,906,000 | 26,587,000 | 27,334,000 | 27,603,000 |