Call reports 2004
MERCHANTS BANK — 2004
What MERCHANTS BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 40,343,000 | 38,786,000 | 38,230,000 | 39,783,000 |
| Total loans | 8,713,000 | 9,928,000 | 10,508,000 | 10,424,000 |
| Allowance for loan losses | 367,000 | 367,000 | 368,000 | 367,000 |
| Securities available for sale | 22,374,000 | 19,714,000 | 18,211,000 | 19,589,000 |
| Securities held to maturity | 6,968,000 | 6,903,000 | 6,795,000 | 6,790,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 35,776,000 | 33,899,000 | 33,155,000 | 35,670,000 |
| Interest-bearing deposits | 29,712,000 | 27,789,000 | 27,523,000 | 28,057,000 |
| Noninterest-bearing deposits | 6,064,000 | 6,110,000 | 5,632,000 | 7,613,000 |
| Equity capital | 4,026,000 | 3,725,000 | 3,803,000 | 3,705,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 473,000 | 939,000 | 1,404,000 | 1,870,000 |
| Interest expense | 60,000 | 113,000 | 168,000 | 221,000 |
| Net interest income | 413,000 | 826,000 | 1,236,000 | 1,649,000 |
| Noninterest income | 37,000 | 72,000 | 109,000 | 142,000 |
| Noninterest expense | 270,000 | 554,000 | 833,000 | 1,151,000 |
| Provision for loan losses | 0 | 25,000 | 48,000 | 46,000 |
| Pretax income | 180,000 | 319,000 | 461,000 | 591,000 |
| Income tax | 43,000 | 72,000 | 103,000 | 127,000 |
| Net income | 137,000 | 247,000 | 358,000 | 464,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,521,000 | 3,530,000 | 3,542,000 | 3,547,000 |
| Total capital | 3,786,000 | 3,793,000 | 3,799,000 | 3,805,000 |
| Risk-weighted assets | 21,095,000 | 20,931,000 | 20,446,000 | 20,543,000 |