Call reports 2022
MERCHANTS BANK — 2022
What MERCHANTS BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 226,924,000 | 234,856,000 | 237,301,000 | 238,973,000 |
| Total loans | 125,631,000 | 135,149,000 | 148,979,000 | 155,674,000 |
| Allowance for loan losses | 1,313,000 | 1,313,000 | 1,463,000 | 1,613,000 |
| Securities available for sale | 80,494,000 | 79,111,000 | 76,862,000 | 70,831,000 |
| Securities held to maturity | 1,608,000 | 1,500,000 | 1,251,000 | 1,248,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 207,847,000 | 216,748,000 | 205,040,000 | 206,075,000 |
| Interest-bearing deposits | 163,041,000 | 169,816,000 | 158,681,000 | 162,799,000 |
| Noninterest-bearing deposits | 44,806,000 | 46,932,000 | 46,359,000 | 43,276,000 |
| Equity capital | 16,742,000 | 15,874,000 | 15,203,000 | 16,383,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 1,671,000 | 3,548,000 | 5,670,000 | 8,194,000 |
| Interest expense | 216,000 | 436,000 | 680,000 | 973,000 |
| Net interest income | 1,455,000 | 3,112,000 | 4,990,000 | 7,221,000 |
| Noninterest income | 48,000 | 95,000 | 154,000 | 251,000 |
| Noninterest expense | 1,082,000 | 2,035,000 | 3,053,000 | 4,283,000 |
| Provision for loan losses | 0 | 0 | 150,000 | 300,000 |
| Pretax income | 345,000 | 1,065,000 | 1,820,000 | 2,491,000 |
| Income tax | 112,000 | 278,000 | 491,000 | 578,000 |
| Net income | 233,000 | 787,000 | 1,329,000 | 1,913,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,496,000 | 18,899,000 | 19,489,000 | 19,873,000 |
| Total capital | 19,809,000 | 20,212,000 | 20,952,000 | 21,486,000 |
| Risk-weighted assets | 177,707,000 | 182,585,000 | 194,815,000 | 198,965,000 |