Call reports 2017
MERCHANTS BANK — 2017
What MERCHANTS BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 110,486,000 | 106,304,000 | 108,734,000 | 112,670,000 |
| Total loans | 70,720,000 | 74,219,000 | 78,998,000 | 80,257,000 |
| Allowance for loan losses | 813,000 | 813,000 | 813,000 | 813,000 |
| Securities available for sale | 19,265,000 | 19,092,000 | 17,838,000 | 17,655,000 |
| Securities held to maturity | 8,378,000 | 7,735,000 | 7,014,000 | 6,225,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 99,960,000 | 94,108,000 | 91,569,000 | 101,703,000 |
| Interest-bearing deposits | 69,247,000 | 66,607,000 | 65,592,000 | 67,439,000 |
| Noninterest-bearing deposits | 30,713,000 | 27,501,000 | 25,977,000 | 34,264,000 |
| Equity capital | 9,698,000 | 9,924,000 | 10,196,000 | 10,082,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 1,090,000 | 2,201,000 | 3,407,000 | 4,637,000 |
| Interest expense | 69,000 | 149,000 | 258,000 | 370,000 |
| Net interest income | 1,021,000 | 2,052,000 | 3,149,000 | 4,267,000 |
| Noninterest income | 28,000 | 58,000 | 93,000 | 114,000 |
| Noninterest expense | 756,000 | 1,279,000 | 1,778,000 | 2,780,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 293,000 | 845,000 | 1,482,000 | 1,619,000 |
| Income tax | 97,000 | 303,000 | 535,000 | 562,000 |
| Net income | 196,000 | 542,000 | 947,000 | 1,057,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,185,000 | 9,426,000 | 9,731,000 | 9,685,000 |
| Total capital | 9,998,000 | 10,239,000 | 10,544,000 | 10,498,000 |
| Risk-weighted assets | 80,190,000 | 82,746,000 | 87,213,000 | 90,398,000 |