Call reports 2003
MERCHANTS BANK — 2003
What MERCHANTS BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 42,800,000 | 42,337,000 | 42,325,000 | 40,466,000 |
| Total loans | 9,469,000 | 10,139,000 | 10,102,000 | 9,853,000 |
| Allowance for loan losses | 385,000 | 364,000 | 365,000 | 366,000 |
| Securities available for sale | 19,963,000 | 22,085,000 | 22,000,000 | 20,377,000 |
| Securities held to maturity | 8,119,000 | 8,143,000 | 7,621,000 | 7,508,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 36,776,000 | 35,590,000 | 36,470,000 | 35,958,000 |
| Interest-bearing deposits | 30,516,000 | 29,664,000 | 29,571,000 | 29,450,000 |
| Noninterest-bearing deposits | 6,260,000 | 5,926,000 | 6,899,000 | 6,508,000 |
| Equity capital | 5,313,000 | 5,399,000 | 5,240,000 | 3,958,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 512,000 | 1,025,000 | 1,544,000 | 2,051,000 |
| Interest expense | 120,000 | 227,000 | 319,000 | 394,000 |
| Net interest income | 392,000 | 798,000 | 1,225,000 | 1,657,000 |
| Noninterest income | 25,000 | 49,000 | 83,000 | 106,000 |
| Noninterest expense | 270,000 | 581,000 | 861,000 | 1,188,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 147,000 | 266,000 | 448,000 | 576,000 |
| Income tax | 29,000 | 46,000 | 93,000 | 102,000 |
| Net income | 118,000 | 220,000 | 355,000 | 474,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,677,000 | 4,680,000 | 4,714,000 | 3,483,000 |
| Total capital | 4,937,000 | 4,954,000 | 4,994,000 | 3,763,000 |
| Risk-weighted assets | 20,661,000 | 21,841,000 | 22,297,000 | 22,317,000 |