Call reports 2006
MERCHANTS BANK — 2006
What MERCHANTS BANK reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 36,367,000 | 35,178,000 | 35,024,000 | 35,284,000 |
| Total loans | 10,860,000 | 12,412,000 | 13,271,000 | 13,324,000 |
| Allowance for loan losses | 367,000 | 365,000 | 366,000 | 366,000 |
| Securities available for sale | 16,332,000 | 13,491,000 | 12,674,000 | 12,329,000 |
| Securities held to maturity | 6,888,000 | 6,824,000 | 6,817,000 | 6,813,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 32,737,000 | 31,635,000 | 30,243,000 | 31,599,000 |
| Interest-bearing deposits | 25,200,000 | 24,203,000 | 23,490,000 | 24,730,000 |
| Noninterest-bearing deposits | 7,537,000 | 7,432,000 | 6,753,000 | 6,869,000 |
| Equity capital | 3,409,000 | 3,341,000 | 3,413,000 | 3,464,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 446,000 | 899,000 | 1,365,000 | 1,837,000 |
| Interest expense | 74,000 | 170,000 | 290,000 | 415,000 |
| Net interest income | 372,000 | 729,000 | 1,075,000 | 1,422,000 |
| Noninterest income | 34,000 | 70,000 | 100,000 | 126,000 |
| Noninterest expense | 259,000 | 529,000 | 790,000 | 1,030,000 |
| Provision for loan losses | 0 | 6,000 | 6,000 | 6,000 |
| Pretax income | 145,000 | 262,000 | 377,000 | 510,000 |
| Income tax | 30,000 | 51,000 | 71,000 | 96,000 |
| Net income | 115,000 | 211,000 | 306,000 | 414,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,498,000 | 3,494,000 | 3,490,000 | 3,498,000 |
| Total capital | 3,726,000 | 3,733,000 | 3,741,000 | 3,740,000 |
| Risk-weighted assets | 18,093,000 | 19,293,000 | 19,953,000 | 19,270,000 |