Call reports 2007
MERCHANTS BANK — 2007
What MERCHANTS BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 35,134,000 | 35,519,000 | 35,119,000 | 36,505,000 |
| Total loans | 12,318,000 | 14,424,000 | 14,709,000 | 15,719,000 |
| Allowance for loan losses | 366,000 | 366,000 | 367,000 | 413,000 |
| Securities available for sale | 13,936,000 | 12,211,000 | 11,000,000 | 11,058,000 |
| Securities held to maturity | 6,640,000 | 6,620,000 | 6,614,000 | 6,389,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 31,427,000 | 31,853,000 | 31,200,000 | 32,553,000 |
| Interest-bearing deposits | 24,998,000 | 24,984,000 | 24,780,000 | 24,616,000 |
| Noninterest-bearing deposits | 6,429,000 | 6,869,000 | 6,420,000 | 7,937,000 |
| Equity capital | 3,463,000 | 3,440,000 | 3,617,000 | 3,640,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 478,000 | 967,000 | 1,466,000 | 1,973,000 |
| Interest expense | 133,000 | 276,000 | 420,000 | 562,000 |
| Net interest income | 345,000 | 691,000 | 1,046,000 | 1,411,000 |
| Noninterest income | 12,000 | 24,000 | 44,000 | 58,000 |
| Noninterest expense | 268,000 | 549,000 | 812,000 | 1,094,000 |
| Provision for loan losses | 0 | 0 | 0 | 46,000 |
| Pretax income | 89,000 | 166,000 | 278,000 | 329,000 |
| Income tax | 10,000 | 17,000 | 36,000 | 35,000 |
| Net income | 79,000 | 149,000 | 242,000 | 294,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,477,000 | 3,547,000 | 3,640,000 | 3,600,000 |
| Total capital | 3,696,000 | 3,788,000 | 3,877,000 | 3,846,000 |
| Risk-weighted assets | 17,397,000 | 19,118,000 | 18,805,000 | 19,637,000 |