Call reports 2022
MERCHANTS STATE BANK — 2022
What MERCHANTS STATE BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 215,192,000 | 223,805,000 | 214,503,000 | 220,505,000 |
| Total loans | 123,493,000 | 129,200,000 | 129,446,000 | 131,718,000 |
| Allowance for loan losses | 1,565,000 | 1,565,000 | 1,562,000 | 1,392,000 |
| Securities available for sale | 67,674,000 | 64,180,000 | 63,844,000 | 64,945,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 188,088,000 | 198,817,000 | 191,789,000 | 195,059,000 |
| Interest-bearing deposits | 147,041,000 | 151,958,000 | 147,030,000 | 145,602,000 |
| Noninterest-bearing deposits | 41,047,000 | 46,859,000 | 44,759,000 | 49,457,000 |
| Equity capital | 23,722,000 | 21,587,000 | 19,312,000 | 21,978,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 1,816,000 | 3,793,000 | 6,012,000 | 8,371,000 |
| Interest expense | 236,000 | 460,000 | 676,000 | 988,000 |
| Net interest income | 1,580,000 | 3,333,000 | 5,336,000 | 7,383,000 |
| Noninterest income | 120,000 | 595,000 | 706,000 | 778,000 |
| Noninterest expense | 1,083,000 | 2,170,000 | 3,229,000 | 4,536,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 586,000 | 1,696,000 | 2,732,000 | 3,530,000 |
| Income tax | 37,000 | 91,000 | 145,000 | 177,000 |
| Net income | 549,000 | 1,605,000 | 2,587,000 | 3,353,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 27,841,000 | 28,473,000 | 29,134,000 | 29,901,000 |