Call reports 2004
MERCHANTS BANK OF BANGOR — 2004
What MERCHANTS BANK OF BANGOR reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 251,800,000 | 264,056,000 | 259,218,000 | 258,282,000 |
| Total loans | 115,309,000 | 117,588,000 | 118,239,000 | 116,760,000 |
| Allowance for loan losses | 1,056,000 | 1,097,000 | 1,141,000 | 1,218,000 |
| Securities available for sale | 116,550,000 | 95,148,000 | 93,325,000 | 94,670,000 |
| Securities held to maturity | 0 | 26,420,000 | 25,241,000 | 25,859,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 179,219,000 | 185,455,000 | 182,020,000 | 182,212,000 |
| Interest-bearing deposits | 161,515,000 | 165,868,000 | 161,894,000 | 162,464,000 |
| Noninterest-bearing deposits | 17,704,000 | 19,587,000 | 20,126,000 | 19,748,000 |
| Equity capital | 26,618,000 | 25,424,000 | 26,560,000 | 26,224,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 2,954,000 | 5,909,000 | 8,891,000 | 11,893,000 |
| Interest expense | 1,140,000 | 2,292,000 | 3,487,000 | 4,706,000 |
| Net interest income | 1,814,000 | 3,617,000 | 5,404,000 | 7,187,000 |
| Noninterest income | 624,000 | 1,069,000 | 1,534,000 | 2,016,000 |
| Noninterest expense | 1,523,000 | 3,143,000 | 4,718,000 | 6,395,000 |
| Provision for loan losses | 45,000 | 90,000 | 135,000 | 214,000 |
| Pretax income | 858,000 | 1,393,000 | 2,028,000 | 2,517,000 |
| Income tax | 228,000 | 346,000 | 504,000 | 606,000 |
| Net income | 630,000 | 1,047,000 | 1,524,000 | 1,911,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 25,546,000 | 25,804,000 | 26,227,000 | 25,995,000 |
| Total capital | 26,602,000 | 26,901,000 | 27,368,000 | 27,213,000 |
| Risk-weighted assets | 137,347,000 | 140,748,000 | 140,765,000 | 143,089,000 |