Call reports 2003
MERCHANTS BANK OF BANGOR — 2003
What MERCHANTS BANK OF BANGOR reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 239,861,000 | 245,275,000 | 245,356,000 | 244,978,000 |
| Total loans | 106,078,000 | 109,636,000 | 109,523,000 | 115,654,000 |
| Allowance for loan losses | 1,015,000 | 1,047,000 | 1,010,000 | 1,016,000 |
| Securities available for sale | 110,152,000 | 115,685,000 | 117,758,000 | 110,347,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 168,424,000 | 172,968,000 | 173,237,000 | 173,528,000 |
| Interest-bearing deposits | 151,335,000 | 155,224,000 | 155,868,000 | 156,559,000 |
| Noninterest-bearing deposits | 17,089,000 | 17,744,000 | 17,369,000 | 16,969,000 |
| Equity capital | 25,332,000 | 25,600,000 | 24,980,000 | 25,351,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 2,845,000 | 5,688,000 | 8,420,000 | 11,329,000 |
| Interest expense | 1,338,000 | 2,629,000 | 3,850,000 | 5,032,000 |
| Net interest income | 1,507,000 | 3,059,000 | 4,570,000 | 6,297,000 |
| Noninterest income | 318,000 | 668,000 | 1,037,000 | 1,513,000 |
| Noninterest expense | 1,400,000 | 2,884,000 | 4,394,000 | 6,289,000 |
| Provision for loan losses | 9,000 | 47,000 | 50,000 | 69,000 |
| Pretax income | 416,000 | 872,000 | 1,255,000 | 1,533,000 |
| Income tax | 69,000 | 152,000 | 215,000 | 243,000 |
| Net income | 347,000 | 720,000 | 1,040,000 | 1,290,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 25,333,000 | 25,167,000 | 25,139,000 | 25,153,000 |
| Total capital | 26,348,000 | 26,214,000 | 26,149,000 | 26,169,000 |
| Risk-weighted assets | 136,761,000 | 139,473,000 | 139,906,000 | 144,628,000 |