Call reports 2008
MERCHANTS BANK OF BANGOR — 2008
What MERCHANTS BANK OF BANGOR reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 273,034,000 | 281,618,000 | 283,339,000 | 286,312,000 |
| Total loans | 154,647,000 | 155,767,000 | 155,295,000 | 156,953,000 |
| Allowance for loan losses | 1,437,000 | 1,452,000 | 1,475,000 | 1,993,000 |
| Securities available for sale | 76,730,000 | 82,972,000 | 79,826,000 | 86,712,000 |
| Securities held to maturity | 13,866,000 | 12,478,000 | 12,197,000 | 11,528,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 213,513,000 | 215,447,000 | 218,756,000 | 218,276,000 |
| Interest-bearing deposits | 187,689,000 | 187,690,000 | 191,390,000 | 193,190,000 |
| Noninterest-bearing deposits | 25,824,000 | 27,757,000 | 27,366,000 | 25,086,000 |
| Equity capital | 25,201,000 | 23,759,000 | 23,986,000 | 24,757,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 3,615,000 | 7,253,000 | 10,930,000 | 14,517,000 |
| Interest expense | 1,703,000 | 3,268,000 | 4,727,000 | 6,146,000 |
| Net interest income | 1,912,000 | 3,985,000 | 6,203,000 | 8,371,000 |
| Noninterest income | 469,000 | 945,000 | 1,545,000 | 1,995,000 |
| Noninterest expense | 2,094,000 | 4,178,000 | 6,336,000 | 8,408,000 |
| Provision for loan losses | 34,000 | 64,000 | 94,000 | 634,000 |
| Pretax income | 327,000 | 762,000 | 393,000 | 468,000 |
| Income tax | 45,000 | 129,000 | -137,000 | -179,000 |
| Net income | 282,000 | 633,000 | 530,000 | 647,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 24,900,000 | 25,021,000 | 24,262,000 | 25,183,000 |
| Total capital | 26,337,000 | 26,473,000 | 25,737,000 | 27,176,000 |
| Risk-weighted assets | 169,415,000 | 166,964,000 | 166,066,000 | 162,634,000 |