Call reports 2008
MERCHANTS BANK — 2008
What MERCHANTS BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 40,668,000 | 40,345,000 | 38,493,000 | 38,982,000 |
| Total loans | 15,835,000 | 17,984,000 | 18,027,000 | 17,664,000 |
| Allowance for loan losses | 413,000 | 414,000 | 321,000 | 369,000 |
| Securities available for sale | 16,669,000 | 14,190,000 | 12,501,000 | 12,789,000 |
| Securities held to maturity | 5,775,000 | 5,556,000 | 5,551,000 | 5,172,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 36,494,000 | 35,629,000 | 32,984,000 | 34,244,000 |
| Interest-bearing deposits | 27,418,000 | 27,586,000 | 25,337,000 | 8,742,000 |
| Noninterest-bearing deposits | 9,076,000 | 8,043,000 | 7,647,000 | 25,502,000 |
| Equity capital | 3,781,000 | 3,588,000 | 3,628,000 | 3,747,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 509,000 | 1,025,000 | 1,558,000 | 2,055,000 |
| Interest expense | 141,000 | 270,000 | 402,000 | 510,000 |
| Net interest income | 368,000 | 755,000 | 1,156,000 | 1,545,000 |
| Noninterest income | 23,000 | 51,000 | 80,000 | 105,000 |
| Noninterest expense | 272,000 | 543,000 | 818,000 | 1,135,000 |
| Provision for loan losses | 0 | 0 | 0 | 48,000 |
| Pretax income | 119,000 | 258,000 | 349,000 | 398,000 |
| Income tax | 23,000 | 57,000 | 73,000 | 59,000 |
| Net income | 96,000 | 201,000 | 276,000 | 339,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,645,000 | 3,660,000 | 3,735,000 | 3,698,000 |
| Total capital | 3,954,000 | 3,974,000 | 4,042,000 | 4,007,000 |
| Risk-weighted assets | 24,642,000 | 25,011,000 | 24,543,000 | 24,687,000 |