Call reports 2002
MERCHANTS BANK OF BANGOR — 2002
What MERCHANTS BANK OF BANGOR reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 225,049,000 | 229,795,000 | 233,748,000 | 235,583,000 |
| Total loans | 92,073,000 | 97,786,000 | 100,171,000 | 103,378,000 |
| Allowance for loan losses | 921,000 | 982,000 | 1,020,000 | 1,028,000 |
| Securities available for sale | 110,404,000 | 104,438,000 | 104,752,000 | 109,223,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 155,221,000 | 159,096,000 | 162,228,000 | 163,929,000 |
| Interest-bearing deposits | 139,865,000 | 142,861,000 | 145,528,000 | 148,667,000 |
| Noninterest-bearing deposits | 15,356,000 | 16,235,000 | 16,700,000 | 15,262,000 |
| Equity capital | 23,781,000 | 24,750,000 | 25,495,000 | 25,533,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 3,096,000 | 6,230,000 | 9,368,000 | 12,353,000 |
| Interest expense | 1,505,000 | 2,989,000 | 4,480,000 | 5,909,000 |
| Net interest income | 1,591,000 | 3,241,000 | 4,888,000 | 6,444,000 |
| Noninterest income | 216,000 | 545,000 | 854,000 | 1,215,000 |
| Noninterest expense | 1,425,000 | 2,799,000 | 4,142,000 | 5,540,000 |
| Provision for loan losses | 79,000 | 138,000 | 175,000 | 183,000 |
| Pretax income | 434,000 | 942,000 | 1,547,000 | 2,058,000 |
| Income tax | 66,000 | 173,000 | 306,000 | 417,000 |
| Net income | 368,000 | 769,000 | 1,241,000 | 1,641,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 24,795,000 | 24,919,000 | 25,217,000 | 25,308,000 |
| Total capital | 25,716,000 | 25,901,000 | 26,237,000 | 26,336,000 |
| Risk-weighted assets | 119,385,000 | 125,424,000 | 129,971,000 | 134,225,000 |