Call reports 2010
MERCHANTS BANK OF BANGOR — 2010
What MERCHANTS BANK OF BANGOR reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 283,158,000 | 284,389,000 | 287,142,000 | 292,767,000 |
| Total loans | 154,209,000 | 154,215,000 | 152,485,000 | 153,393,000 |
| Allowance for loan losses | 1,839,000 | 1,861,000 | 1,867,000 | 2,091,000 |
| Securities available for sale | 83,374,000 | 83,273,000 | 76,997,000 | 95,695,000 |
| Securities held to maturity | 6,856,000 | 6,328,000 | 5,604,000 | 4,590,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 227,733,000 | 227,016,000 | 231,329,000 | 237,025,000 |
| Interest-bearing deposits | 196,555,000 | 197,343,000 | 202,790,000 | 207,217,000 |
| Noninterest-bearing deposits | 31,178,000 | 29,673,000 | 28,539,000 | 29,808,000 |
| Equity capital | 26,112,000 | 26,516,000 | 26,623,000 | 25,863,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 3,128,000 | 6,174,000 | 9,273,000 | 12,243,000 |
| Interest expense | 803,000 | 1,544,000 | 2,259,000 | 2,953,000 |
| Net interest income | 2,325,000 | 4,630,000 | 7,014,000 | 9,290,000 |
| Noninterest income | 391,000 | 790,000 | 1,159,000 | 1,550,000 |
| Noninterest expense | 2,137,000 | 4,311,000 | 6,431,000 | 8,607,000 |
| Provision for loan losses | 53,000 | 138,000 | 372,000 | 502,000 |
| Pretax income | 526,000 | 957,000 | 1,389,000 | 1,750,000 |
| Income tax | 135,000 | 243,000 | 354,000 | 403,000 |
| Net income | 391,000 | 714,000 | 1,035,000 | 1,347,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 26,126,000 | 26,274,000 | 26,434,000 | 26,587,000 |
| Total capital | 27,966,000 | 28,135,000 | 28,301,000 | 28,631,000 |
| Risk-weighted assets | 161,880,000 | 161,468,000 | 160,269,000 | 163,292,000 |