Call reports 2023
MERCHANTS BANK — 2023
What MERCHANTS BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 230,645,000 | 236,148,000 | 234,777,000 | 234,001,000 |
| Total loans | 149,351,000 | 161,122,000 | 165,657,000 | 163,593,000 |
| Allowance for loan losses | 1,599,000 | 1,749,000 | 1,800,000 | 1,854,000 |
| Securities available for sale | 70,618,000 | 65,436,000 | 58,860,000 | 57,546,000 |
| Securities held to maturity | 1,245,000 | 1,242,000 | 1,238,000 | 1,235,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 210,551,000 | 203,980,000 | 196,405,000 | 210,529,000 |
| Interest-bearing deposits | 165,624,000 | 161,941,000 | 158,077,000 | 163,338,000 |
| Noninterest-bearing deposits | 44,927,000 | 42,039,000 | 38,328,000 | 47,191,000 |
| Equity capital | 17,385,000 | 17,752,000 | 18,097,000 | 19,282,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 2,549,000 | 5,545,000 | 8,610,000 | 11,656,000 |
| Interest expense | 485,000 | 1,109,000 | 1,955,000 | 2,876,000 |
| Net interest income | 2,064,000 | 4,436,000 | 6,655,000 | 8,780,000 |
| Noninterest income | 53,000 | 109,000 | 169,000 | 219,000 |
| Noninterest expense | 1,427,000 | 2,409,000 | 3,572,000 | 5,178,000 |
| Provision for loan losses | 0 | 150,000 | 200,000 | 250,000 |
| Pretax income | 690,000 | 1,943,000 | 2,941,000 | 3,462,000 |
| Income tax | 199,000 | 502,000 | 742,000 | 861,000 |
| Net income | 491,000 | 1,441,000 | 2,199,000 | 2,601,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 20,160,000 | 20,903,000 | 21,330,000 | 21,526,000 |
| Total capital | 21,759,000 | 22,652,000 | 23,130,000 | 23,380,000 |
| Risk-weighted assets | 197,772,000 | 204,772,000 | 206,331,000 | 205,754,000 |