Call reports 2018
MERCHANTS BANK — 2018
What MERCHANTS BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 165,596,000 | 166,735,000 | 159,025,000 | 162,470,000 |
| Total loans | 92,807,000 | 104,121,000 | 111,176,000 | 110,575,000 |
| Allowance for loan losses | 1,023,000 | 1,006,000 | 1,106,000 | 1,156,000 |
| Securities available for sale | 40,234,000 | 48,869,000 | 34,015,000 | 33,982,000 |
| Securities held to maturity | 5,970,000 | 5,963,000 | 5,458,000 | 4,597,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 150,302,000 | 146,773,000 | 136,037,000 | 145,431,000 |
| Interest-bearing deposits | 115,179,000 | 112,157,000 | 110,939,000 | 113,337,000 |
| Noninterest-bearing deposits | 35,123,000 | 34,616,000 | 25,098,000 | 32,094,000 |
| Equity capital | 14,481,000 | 13,867,000 | 15,089,000 | 15,042,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 1,440,000 | 3,181,000 | 5,000,000 | 6,941,000 |
| Interest expense | 144,000 | 362,000 | 609,000 | 852,000 |
| Net interest income | 1,296,000 | 2,819,000 | 4,391,000 | 6,089,000 |
| Noninterest income | 35,000 | 75,000 | 131,000 | 173,000 |
| Noninterest expense | 762,000 | 1,618,000 | 2,382,000 | 3,764,000 |
| Provision for loan losses | 210,000 | 210,000 | 310,000 | 367,000 |
| Pretax income | 359,000 | 1,067,000 | 1,784,000 | 2,068,000 |
| Income tax | 102,000 | 258,000 | 443,000 | 459,000 |
| Net income | 257,000 | 809,000 | 1,341,000 | 1,609,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,956,000 | 12,404,000 | 13,673,000 | 13,607,000 |
| Total capital | 13,979,000 | 13,410,000 | 14,779,000 | 14,763,000 |
| Risk-weighted assets | 106,740,000 | 131,878,000 | 126,004,000 | 123,081,000 |