Call reports 2021
MERCHANTS BANK — 2021
What MERCHANTS BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 211,354,000 | 209,237,000 | 207,715,000 | 220,018,000 |
| Total loans | 129,879,000 | 128,867,000 | 129,984,000 | 129,443,000 |
| Allowance for loan losses | 1,381,000 | 1,381,000 | 1,482,000 | 1,471,000 |
| Securities available for sale | 61,778,000 | 61,087,000 | 63,876,000 | 62,968,000 |
| Securities held to maturity | 2,412,000 | 2,263,000 | 2,260,000 | 2,256,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 190,860,000 | 188,341,000 | 186,569,000 | 198,358,000 |
| Interest-bearing deposits | 149,971,000 | 149,972,000 | 147,705,000 | 157,702,000 |
| Noninterest-bearing deposits | 40,889,000 | 38,369,000 | 38,864,000 | 40,656,000 |
| Equity capital | 18,052,000 | 18,630,000 | 18,869,000 | 18,932,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 2,224,000 | 4,187,000 | 5,886,000 | 7,591,000 |
| Interest expense | 235,000 | 463,000 | 685,000 | 900,000 |
| Net interest income | 1,989,000 | 3,724,000 | 5,201,000 | 6,691,000 |
| Noninterest income | 48,000 | 96,000 | 158,000 | 875,000 |
| Noninterest expense | 868,000 | 1,768,000 | 2,637,000 | 3,834,000 |
| Provision for loan losses | 75,000 | 75,000 | 175,000 | 175,000 |
| Pretax income | 1,112,000 | 1,992,000 | 2,563,000 | 3,540,000 |
| Income tax | 293,000 | 496,000 | 654,000 | 856,000 |
| Net income | 819,000 | 1,496,000 | 1,909,000 | 2,684,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 17,045,000 | 17,657,000 | 18,005,000 | 18,464,000 |
| Total capital | 18,426,000 | 19,038,000 | 19,487,000 | 19,935,000 |
| Risk-weighted assets | 163,278,000 | 159,339,000 | 163,757,000 | 167,843,000 |