Call reports 2009
MERCHANTS BANK — 2009
What MERCHANTS BANK reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 40,250,000 | 46,248,000 | 44,181,000 | 44,245,000 |
| Total loans | 17,303,000 | 18,849,000 | 20,099,000 | 21,387,000 |
| Allowance for loan losses | 372,000 | 425,000 | 410,000 | 411,000 |
| Securities available for sale | 15,516,000 | 17,510,000 | 15,918,000 | 14,675,000 |
| Securities held to maturity | 5,152,000 | 5,026,000 | 5,236,000 | 5,232,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 36,084,000 | 41,773,000 | 36,405,000 | 38,765,000 |
| Interest-bearing deposits | 27,677,000 | 32,731,000 | 27,455,000 | 27,511,000 |
| Noninterest-bearing deposits | 8,407,000 | 9,042,000 | 8,950,000 | 11,254,000 |
| Equity capital | 3,823,000 | 3,968,000 | 4,175,000 | 4,231,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 491,000 | 996,000 | 1,547,000 | 2,096,000 |
| Interest expense | 94,000 | 187,000 | 278,000 | 366,000 |
| Net interest income | 397,000 | 809,000 | 1,269,000 | 1,730,000 |
| Noninterest income | 20,000 | 43,000 | 72,000 | 91,000 |
| Noninterest expense | 272,000 | 542,000 | 841,000 | 1,226,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 145,000 | 310,000 | 509,000 | 604,000 |
| Income tax | 36,000 | 82,000 | 142,000 | 125,000 |
| Net income | 109,000 | 228,000 | 367,000 | 479,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,707,000 | 3,726,000 | 3,765,000 | 3,778,000 |
| Total capital | 4,050,000 | 4,102,000 | 4,145,000 | 4,169,000 |
| Risk-weighted assets | 27,433,000 | 30,070,000 | 30,372,000 | 31,225,000 |