Call reports 2016
MERCHANTS BANK — 2016
What MERCHANTS BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 107,459,000 | 113,014,000 | 108,244,000 | 107,623,000 |
| Total loans | 64,627,000 | 73,991,000 | 75,154,000 | 72,181,000 |
| Allowance for loan losses | 699,000 | 699,000 | 699,000 | 813,000 |
| Securities available for sale | 20,449,000 | 20,376,000 | 16,186,000 | 18,884,000 |
| Securities held to maturity | 12,240,000 | 11,432,000 | 10,464,000 | 9,033,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 96,753,000 | 95,114,000 | 95,488,000 | 97,202,000 |
| Interest-bearing deposits | 66,643,000 | 64,682,000 | 62,165,000 | 65,475,000 |
| Noninterest-bearing deposits | 30,110,000 | 30,432,000 | 33,323,000 | 31,727,000 |
| Equity capital | 10,042,000 | 10,298,000 | 10,548,000 | 9,593,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 1,031,000 | 2,124,000 | 3,272,000 | 4,397,000 |
| Interest expense | 52,000 | 113,000 | 181,000 | 244,000 |
| Net interest income | 979,000 | 2,011,000 | 3,091,000 | 4,153,000 |
| Noninterest income | 29,000 | 60,000 | 96,000 | 125,000 |
| Noninterest expense | 526,000 | 1,086,000 | 1,595,000 | 2,408,000 |
| Provision for loan losses | 10,000 | 10,000 | 10,000 | 120,000 |
| Pretax income | 472,000 | 1,010,000 | 1,634,000 | 1,802,000 |
| Income tax | 164,000 | 359,000 | 582,000 | 614,000 |
| Net income | 308,000 | 651,000 | 1,052,000 | 1,188,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,479,000 | 9,689,000 | 9,955,000 | 9,108,000 |
| Total capital | 10,178,000 | 10,388,000 | 10,654,000 | 9,921,000 |
| Risk-weighted assets | 73,579,000 | 83,473,000 | 81,658,000 | 77,157,000 |