Call reports 2002
MERCHANTS BANK — 2002
What MERCHANTS BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 43,471,000 | 40,856,000 | 41,377,000 | 42,650,000 |
| Total loans | 11,259,000 | 11,309,000 | 10,822,000 | 10,272,000 |
| Allowance for loan losses | 385,000 | 385,000 | 386,000 | 382,000 |
| Securities available for sale | 17,843,000 | 17,938,000 | 18,142,000 | 19,914,000 |
| Securities held to maturity | 7,145,000 | 8,087,000 | 8,691,000 | 8,829,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 38,040,000 | 35,126,000 | 35,270,000 | 36,716,000 |
| Interest-bearing deposits | 32,551,000 | 29,985,000 | 30,089,000 | 30,695,000 |
| Noninterest-bearing deposits | 5,489,000 | 5,141,000 | 5,181,000 | 6,021,000 |
| Equity capital | 4,867,000 | 5,090,000 | 5,321,000 | 5,243,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 617,000 | 1,190,000 | 1,749,000 | 2,294,000 |
| Interest expense | 177,000 | 321,000 | 453,000 | 581,000 |
| Net interest income | 440,000 | 869,000 | 1,296,000 | 1,713,000 |
| Noninterest income | 22,000 | 44,000 | 71,000 | 104,000 |
| Noninterest expense | 278,000 | 574,000 | 857,000 | 1,161,000 |
| Provision for loan losses | 0 | 0 | 0 | 100,000 |
| Pretax income | 184,000 | 339,000 | 510,000 | 595,000 |
| Income tax | 48,000 | 86,000 | 128,000 | 134,000 |
| Net income | 136,000 | 253,000 | 382,000 | 461,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,634,000 | 4,651,000 | 4,680,000 | 4,659,000 |
| Total capital | 4,933,000 | 4,939,000 | 4,961,000 | 4,931,000 |
| Risk-weighted assets | 23,800,000 | 22,905,000 | 22,351,000 | 21,680,000 |