Call reports 2015
MERCHANTS BANK — 2015
What MERCHANTS BANK reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 111,124,000 | 109,282,000 | 109,054,000 | 110,797,000 |
| Total loans | 61,018,000 | 64,374,000 | 66,732,000 | 67,836,000 |
| Allowance for loan losses | 587,000 | 589,000 | 589,000 | 709,000 |
| Securities available for sale | 20,820,000 | 21,102,000 | 18,270,000 | 17,524,000 |
| Securities held to maturity | 13,287,000 | 13,704,000 | 13,824,000 | 12,894,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 100,920,000 | 96,370,000 | 92,373,000 | 100,270,000 |
| Interest-bearing deposits | 66,623,000 | 65,261,000 | 63,784,000 | 64,042,000 |
| Noninterest-bearing deposits | 34,297,000 | 31,109,000 | 28,589,000 | 36,228,000 |
| Equity capital | 9,546,000 | 9,750,000 | 9,996,000 | 9,784,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 951,000 | 1,980,000 | 3,036,000 | 4,087,000 |
| Interest expense | 57,000 | 116,000 | 149,000 | 202,000 |
| Net interest income | 894,000 | 1,864,000 | 2,887,000 | 3,885,000 |
| Noninterest income | 29,000 | 66,000 | 108,000 | 145,000 |
| Noninterest expense | 535,000 | 1,021,000 | 1,559,000 | 2,356,000 |
| Provision for loan losses | 26,000 | 26,000 | 26,000 | 146,000 |
| Pretax income | 362,000 | 885,000 | 1,412,000 | 1,529,000 |
| Income tax | 130,000 | 305,000 | 494,000 | 501,000 |
| Net income | 232,000 | 580,000 | 918,000 | 1,028,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,849,000 | 9,100,000 | 9,341,000 | 9,256,000 |
| Total capital | 9,436,000 | 9,689,000 | 9,930,000 | 9,965,000 |
| Risk-weighted assets | 70,303,000 | 74,563,000 | 74,689,000 | 74,993,000 |