Call reports 2019
MERCHANTS BANK — 2019
What MERCHANTS BANK reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 170,238,000 | 164,144,000 | 169,572,000 | 168,827,000 |
| Total loans | 104,464,000 | 112,728,000 | 118,455,000 | 121,024,000 |
| Allowance for loan losses | 1,156,000 | 1,156,000 | 1,153,000 | 1,275,000 |
| Securities available for sale | 42,104,000 | 39,700,000 | 38,822,000 | 35,970,000 |
| Securities held to maturity | 4,299,000 | 3,701,000 | 3,598,000 | 3,241,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 152,154,000 | 145,382,000 | 139,760,000 | 144,794,000 |
| Interest-bearing deposits | 119,325,000 | 118,758,000 | 112,881,000 | 115,199,000 |
| Noninterest-bearing deposits | 32,829,000 | 26,624,000 | 26,879,000 | 29,595,000 |
| Equity capital | 15,613,000 | 16,254,000 | 16,687,000 | 16,025,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 1,934,000 | 4,003,000 | 6,108,000 | 8,151,000 |
| Interest expense | 269,000 | 566,000 | 883,000 | 1,192,000 |
| Net interest income | 1,665,000 | 3,437,000 | 5,225,000 | 6,959,000 |
| Noninterest income | 39,000 | 109,000 | 170,000 | 205,000 |
| Noninterest expense | 783,000 | 1,540,000 | 2,338,000 | 3,807,000 |
| Provision for loan losses | 0 | 0 | 36,000 | 204,000 |
| Pretax income | 921,000 | 2,007,000 | 3,022,000 | 3,159,000 |
| Income tax | 225,000 | 510,000 | 777,000 | 800,000 |
| Net income | 696,000 | 1,497,000 | 2,245,000 | 2,359,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,108,000 | 14,688,000 | 15,177,000 | 14,585,000 |
| Total capital | 15,264,000 | 15,844,000 | 16,330,000 | 15,860,000 |
| Risk-weighted assets | 124,476,000 | 131,964,000 | 136,104,000 | 137,405,000 |