Call reports 2013
MERCHANTS BANK — 2013
What MERCHANTS BANK reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 94,785,000 | 95,997,000 | 97,344,000 | 101,017,000 |
| Total loans | 48,111,000 | 52,945,000 | 54,909,000 | 56,374,000 |
| Allowance for loan losses | 441,000 | 458,000 | 460,000 | 461,000 |
| Securities available for sale | 22,198,000 | 16,990,000 | 15,548,000 | 14,303,000 |
| Securities held to maturity | 13,196,000 | 13,770,000 | 13,804,000 | 12,804,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 85,904,000 | 86,956,000 | 87,975,000 | 91,513,000 |
| Interest-bearing deposits | 58,113,000 | 59,470,000 | 60,158,000 | 60,709,000 |
| Noninterest-bearing deposits | 27,791,000 | 27,486,000 | 27,817,000 | 30,804,000 |
| Equity capital | 8,011,000 | 8,210,000 | 8,499,000 | 8,537,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 846,000 | 1,703,000 | 2,612,000 | 3,506,000 |
| Interest expense | 64,000 | 126,000 | 187,000 | 246,000 |
| Net interest income | 782,000 | 1,577,000 | 2,425,000 | 3,260,000 |
| Noninterest income | 35,000 | 80,000 | 128,000 | 163,000 |
| Noninterest expense | 434,000 | 856,000 | 1,303,000 | 1,957,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 383,000 | 801,000 | 1,250,000 | 1,466,000 |
| Income tax | 129,000 | 270,000 | 432,000 | 498,000 |
| Net income | 254,000 | 531,000 | 818,000 | 968,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,072,000 | 7,357,000 | 7,652,000 | 7,711,000 |
| Total capital | 7,513,000 | 7,815,000 | 8,112,000 | 8,172,000 |
| Risk-weighted assets | 63,194,000 | 66,086,000 | 67,802,000 | 67,424,000 |