Call reports 2014
MERCHANTS BANK — 2014
What MERCHANTS BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 106,689,000 | 105,241,000 | 105,498,000 | 112,107,000 |
| Total loans | 55,210,000 | 59,619,000 | 63,595,000 | 61,529,000 |
| Allowance for loan losses | 478,000 | 479,000 | 481,000 | 600,000 |
| Securities available for sale | 21,901,000 | 23,625,000 | 18,611,000 | 14,836,000 |
| Securities held to maturity | 12,920,000 | 12,550,000 | 12,212,000 | 13,505,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 97,360,000 | 91,438,000 | 90,536,000 | 102,040,000 |
| Interest-bearing deposits | 66,341,000 | 63,024,000 | 62,198,000 | 61,646,000 |
| Noninterest-bearing deposits | 31,019,000 | 28,414,000 | 28,338,000 | 40,394,000 |
| Equity capital | 8,680,000 | 8,879,000 | 9,430,000 | 9,356,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 838,000 | 1,744,000 | 2,719,000 | 3,659,000 |
| Interest expense | 59,000 | 117,000 | 178,000 | 238,000 |
| Net interest income | 779,000 | 1,627,000 | 2,541,000 | 3,421,000 |
| Noninterest income | 32,000 | 70,000 | 112,000 | 144,000 |
| Noninterest expense | 462,000 | 894,000 | 1,370,000 | 2,056,000 |
| Provision for loan losses | 15,000 | 15,000 | 15,000 | 136,000 |
| Pretax income | 334,000 | 788,000 | 1,375,000 | 1,480,000 |
| Income tax | 106,000 | 267,000 | 478,000 | 451,000 |
| Net income | 228,000 | 521,000 | 897,000 | 1,029,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,874,000 | 8,025,000 | 8,675,000 | 8,615,000 |
| Total capital | 8,352,000 | 8,504,000 | 9,156,000 | 9,215,000 |
| Risk-weighted assets | 65,719,000 | 70,136,000 | 69,800,000 | 68,188,000 |