Call reports 2011
MERCHANTS BANK — 2011
What MERCHANTS BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 51,538,000 | 51,622,000 | 52,245,000 | 82,930,000 |
| Total loans | 25,880,000 | 27,921,000 | 28,351,000 | 42,702,000 |
| Allowance for loan losses | 435,000 | 436,000 | 436,000 | 436,000 |
| Securities available for sale | 15,112,000 | 13,600,000 | 12,201,000 | 23,438,000 |
| Securities held to maturity | 5,676,000 | 5,770,000 | 7,151,000 | 7,881,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 46,622,000 | 44,608,000 | 44,716,000 | 75,059,000 |
| Interest-bearing deposits | 34,235,000 | 33,744,000 | 33,099,000 | 50,789,000 |
| Noninterest-bearing deposits | 12,387,000 | 10,864,000 | 11,617,000 | 24,270,000 |
| Equity capital | 4,275,000 | 4,394,000 | 4,416,000 | 7,148,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 563,000 | 1,159,000 | 1,782,000 | 2,551,000 |
| Interest expense | 67,000 | 135,000 | 204,000 | 295,000 |
| Net interest income | 496,000 | 1,024,000 | 1,578,000 | 2,256,000 |
| Noninterest income | 17,000 | 40,000 | 66,000 | 103,000 |
| Noninterest expense | 300,000 | 582,000 | 913,000 | 1,654,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 213,000 | 482,000 | 752,000 | 726,000 |
| Income tax | 69,000 | 152,000 | 235,000 | 220,000 |
| Net income | 144,000 | 330,000 | 517,000 | 506,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,883,000 | 3,970,000 | 4,057,000 | 6,076,000 |
| Total capital | 4,318,000 | 4,406,000 | 4,493,000 | 6,512,000 |
| Risk-weighted assets | 37,934,000 | 37,545,000 | 37,475,000 | 55,093,000 |