Call reports 2020
MERCHANTS BANK — 2020
What MERCHANTS BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 171,049,000 | 181,515,000 | 184,743,000 | 195,331,000 |
| Total loans | 114,052,000 | 127,252,000 | 121,275,000 | 124,008,000 |
| Allowance for loan losses | 1,310,000 | 1,302,000 | 1,303,000 | 1,304,000 |
| Securities available for sale | 45,013,000 | 37,671,000 | 43,230,000 | 54,722,000 |
| Securities held to maturity | 3,188,000 | 2,987,000 | 2,611,000 | 2,576,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 151,983,000 | 161,852,000 | 164,636,000 | 174,832,000 |
| Interest-bearing deposits | 123,771,000 | 130,101,000 | 129,196,000 | 136,597,000 |
| Noninterest-bearing deposits | 28,212,000 | 31,751,000 | 35,440,000 | 38,235,000 |
| Equity capital | 16,450,000 | 17,154,000 | 17,315,000 | 17,731,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 1,935,000 | 3,944,000 | 5,780,000 | 7,492,000 |
| Interest expense | 296,000 | 551,000 | 813,000 | 1,055,000 |
| Net interest income | 1,639,000 | 3,393,000 | 4,967,000 | 6,437,000 |
| Noninterest income | 60,000 | 135,000 | 201,000 | 266,000 |
| Noninterest expense | 860,000 | 1,692,000 | 2,603,000 | 3,877,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 838,000 | 1,835,000 | 2,564,000 | 2,824,000 |
| Income tax | 190,000 | 444,000 | 640,000 | 676,000 |
| Net income | 648,000 | 1,391,000 | 1,924,000 | 2,148,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,197,000 | 15,951,000 | 15,947,000 | 16,442,000 |
| Total capital | 16,507,000 | 17,253,000 | 17,250,000 | 17,746,000 |
| Risk-weighted assets | 139,182,000 | 141,401,000 | 141,625,000 | 157,516,000 |