Call reports 2005
MERCHANTS BANK — 2005
What MERCHANTS BANK reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Total assets | 39,535,000 | 39,793,000 | 37,296,000 | 38,023,000 |
| Total loans | 9,531,000 | 11,225,000 | 11,722,000 | 11,422,000 |
| Allowance for loan losses | 382,000 | 383,000 | 383,000 | 367,000 |
| Securities available for sale | 20,773,000 | 18,474,000 | 16,247,000 | 15,813,000 |
| Securities held to maturity | 7,386,000 | 7,457,000 | 7,450,000 | 7,347,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 35,649,000 | 35,895,000 | 33,410,000 | 33,358,000 |
| Interest-bearing deposits | 28,488,000 | 28,364,000 | 26,206,000 | 25,702,000 |
| Noninterest-bearing deposits | 7,161,000 | 7,531,000 | 7,204,000 | 7,656,000 |
| Equity capital | 3,570,000 | 3,581,000 | 3,556,000 | 3,490,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Interest income | 449,000 | 903,000 | 1,359,000 | 1,812,000 |
| Interest expense | 54,000 | 112,000 | 176,000 | 245,000 |
| Net interest income | 395,000 | 791,000 | 1,183,000 | 1,567,000 |
| Noninterest income | 28,000 | 57,000 | 95,000 | 139,000 |
| Noninterest expense | 253,000 | 525,000 | 782,000 | 1,118,000 |
| Provision for loan losses | 0 | 0 | 0 | -17,000 |
| Pretax income | 170,000 | 319,000 | 492,000 | 601,000 |
| Income tax | 42,000 | 76,000 | 118,000 | 130,000 |
| Net income | 128,000 | 243,000 | 374,000 | 471,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,575,000 | 3,527,000 | 3,557,000 | 3,555,000 |
| Total capital | 3,820,000 | 3,778,000 | 3,800,000 | 3,792,000 |
| Risk-weighted assets | 19,464,000 | 19,980,000 | 19,263,000 | 18,835,000 |