Call reports 2007
MERCHANTS BANK OF BANGOR — 2007
What MERCHANTS BANK OF BANGOR reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 292,797,000 | 260,037,000 | 256,516,000 | 259,646,000 |
| Total loans | 136,859,000 | 144,391,000 | 146,651,000 | 152,553,000 |
| Allowance for loan losses | 1,362,000 | 1,364,000 | 1,390,000 | 1,413,000 |
| Securities available for sale | 91,467,000 | 62,486,000 | 60,836,000 | 59,201,000 |
| Securities held to maturity | 21,256,000 | 16,120,000 | 15,273,000 | 15,078,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 203,781,000 | 207,015,000 | 208,019,000 | 211,479,000 |
| Interest-bearing deposits | 175,699,000 | 180,969,000 | 182,351,000 | 186,144,000 |
| Noninterest-bearing deposits | 28,082,000 | 26,046,000 | 25,668,000 | 25,335,000 |
| Equity capital | 25,351,000 | 24,625,000 | 24,857,000 | 24,600,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 3,737,000 | 7,308,000 | 10,863,000 | 14,440,000 |
| Interest expense | 2,048,000 | 3,851,000 | 5,584,000 | 7,334,000 |
| Net interest income | 1,689,000 | 3,457,000 | 5,279,000 | 7,106,000 |
| Noninterest income | 452,000 | 954,000 | 1,489,000 | 2,018,000 |
| Noninterest expense | 2,083,000 | 4,507,000 | 6,589,000 | 8,704,000 |
| Provision for loan losses | 6,000 | 13,000 | 43,000 | 73,000 |
| Pretax income | 170,000 | -798,000 | -552,000 | -341,000 |
| Income tax | -54,000 | -448,000 | -422,000 | -417,000 |
| Net income | 224,000 | -350,000 | -130,000 | 76,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 25,738,000 | 25,164,000 | 25,174,000 | 24,711,000 |
| Total capital | 27,142,000 | 26,556,000 | 26,584,000 | 26,124,000 |
| Risk-weighted assets | 164,844,000 | 159,501,000 | 161,712,000 | 167,108,000 |