Call reports 2011
MERCHANTS BANK OF BANGOR — 2011
What MERCHANTS BANK OF BANGOR reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 289,390,000 | 288,220,000 | 297,612,000 | 300,879,000 |
| Total loans | 154,483,000 | 157,225,000 | 163,568,000 | 165,842,000 |
| Allowance for loan losses | 2,100,000 | 2,326,000 | 2,547,000 | 2,472,000 |
| Securities available for sale | 93,365,000 | 89,839,000 | 90,587,000 | 98,485,000 |
| Securities held to maturity | 4,302,000 | 4,109,000 | 5,417,000 | 5,201,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 237,831,000 | 236,276,000 | 245,579,000 | 249,603,000 |
| Interest-bearing deposits | 206,438,000 | 204,145,000 | 211,258,000 | 214,709,000 |
| Noninterest-bearing deposits | 31,393,000 | 32,131,000 | 34,321,000 | 34,894,000 |
| Equity capital | 26,304,000 | 27,128,000 | 27,392,000 | 27,139,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 2,946,000 | 5,897,000 | 8,822,000 | 11,788,000 |
| Interest expense | 629,000 | 1,210,000 | 1,774,000 | 2,315,000 |
| Net interest income | 2,317,000 | 4,687,000 | 7,048,000 | 9,473,000 |
| Noninterest income | 360,000 | 704,000 | 1,008,000 | 1,421,000 |
| Noninterest expense | 2,217,000 | 4,352,000 | 6,438,000 | 8,554,000 |
| Provision for loan losses | 54,000 | 280,000 | 560,000 | 802,000 |
| Pretax income | 406,000 | 929,000 | 1,330,000 | 1,863,000 |
| Income tax | 89,000 | 221,000 | 309,000 | 437,000 |
| Net income | 317,000 | 708,000 | 1,021,000 | 1,426,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 26,747,000 | 26,800,000 | 26,942,000 | 27,177,000 |
| Total capital | 28,810,000 | 28,857,000 | 29,086,000 | 29,375,000 |
| Risk-weighted assets | 162,883,000 | 164,310,000 | 171,074,000 | 175,530,000 |