Call reports 2010
MERCHANTS BANK — 2010
What MERCHANTS BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 47,066,000 | 45,117,000 | 44,754,000 | 48,692,000 |
| Total loans | 21,334,000 | 22,719,000 | 23,362,000 | 25,594,000 |
| Allowance for loan losses | 411,000 | 471,000 | 470,000 | 435,000 |
| Securities available for sale | 14,679,000 | 12,935,000 | 12,510,000 | 12,309,000 |
| Securities held to maturity | 4,787,000 | 4,724,000 | 4,777,000 | 4,540,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 42,171,000 | 40,268,000 | 39,770,000 | 41,707,000 |
| Interest-bearing deposits | 31,348,000 | 29,880,000 | 28,982,000 | 30,774,000 |
| Noninterest-bearing deposits | 10,823,000 | 10,388,000 | 10,788,000 | 10,933,000 |
| Equity capital | 4,260,000 | 4,268,000 | 4,348,000 | 4,244,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 534,000 | 1,063,000 | 1,608,000 | 2,159,000 |
| Interest expense | 86,000 | 168,000 | 242,000 | 313,000 |
| Net interest income | 448,000 | 895,000 | 1,366,000 | 1,846,000 |
| Noninterest income | 22,000 | 46,000 | 71,000 | 89,000 |
| Noninterest expense | 289,000 | 574,000 | 857,000 | 1,219,000 |
| Provision for loan losses | 0 | 60,000 | 60,000 | 60,000 |
| Pretax income | 204,000 | 330,000 | 543,000 | 679,000 |
| Income tax | 68,000 | 100,000 | 159,000 | 217,000 |
| Net income | 136,000 | 230,000 | 384,000 | 462,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,813,000 | 3,808,000 | 3,861,000 | 3,840,000 |
| Total capital | 4,217,000 | 4,198,000 | 4,256,000 | 4,267,000 |
| Risk-weighted assets | 32,332,000 | 31,095,000 | 31,504,000 | 34,045,000 |