Call reports 2012
MERCHANTS BANK — 2012
What MERCHANTS BANK reported to the FFIEC in 2012, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Total assets | 94,226,000 | 85,985,000 | 85,595,000 | 103,384,000 |
| Total loans | 42,544,000 | 46,520,000 | 46,892,000 | 48,818,000 |
| Allowance for loan losses | 436,000 | 438,000 | 438,000 | 439,000 |
| Securities available for sale | 28,353,000 | 18,602,000 | 17,270,000 | 14,895,000 |
| Securities held to maturity | 9,744,000 | 11,418,000 | 12,271,000 | 12,921,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 86,249,000 | 77,789,000 | 76,921,000 | 94,473,000 |
| Interest-bearing deposits | 56,307,000 | 54,619,000 | 53,003,000 | 58,646,000 |
| Noninterest-bearing deposits | 29,942,000 | 23,170,000 | 23,918,000 | 35,827,000 |
| Equity capital | 7,242,000 | 7,427,000 | 7,740,000 | 7,878,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Interest income | 815,000 | 1,664,000 | 2,546,000 | 3,414,000 |
| Interest expense | 88,000 | 166,000 | 239,000 | 308,000 |
| Net interest income | 727,000 | 1,498,000 | 2,307,000 | 3,106,000 |
| Noninterest income | 31,000 | 70,000 | 116,000 | 158,000 |
| Noninterest expense | 446,000 | 880,000 | 1,304,000 | 1,972,000 |
| Provision for loan losses | 0 | 10,000 | 10,000 | 31,000 |
| Pretax income | 312,000 | 692,000 | 1,148,000 | 1,300,000 |
| Income tax | 107,000 | 243,000 | 412,000 | 401,000 |
| Net income | 205,000 | 449,000 | 736,000 | 899,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,190,000 | 6,441,000 | 6,737,000 | 6,909,000 |
| Total capital | 6,626,000 | 6,879,000 | 7,175,000 | 7,348,000 |
| Risk-weighted assets | 58,112,000 | 60,390,000 | 62,143,000 | 64,250,000 |