Call reports 2014
MERCHANTS BANK OF BANGOR — 2014
What MERCHANTS BANK OF BANGOR reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 354,964,000 | 349,946,000 | 356,398,000 | 352,589,000 |
| Total loans | 181,249,000 | 185,534,000 | 184,816,000 | 190,308,000 |
| Allowance for loan losses | 2,363,000 | 2,362,000 | 2,342,000 | 2,292,000 |
| Securities available for sale | 128,689,000 | 133,405,000 | 128,299,000 | 131,912,000 |
| Securities held to maturity | 484,000 | 486,000 | 488,000 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 312,716,000 | 308,575,000 | 312,166,000 | 298,539,000 |
| Interest-bearing deposits | 266,616,000 | 255,377,000 | 257,691,000 | 245,886,000 |
| Noninterest-bearing deposits | 46,100,000 | 53,198,000 | 54,475,000 | 52,653,000 |
| Equity capital | 27,105,000 | 27,942,000 | 28,438,000 | 28,542,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 2,774,000 | 5,579,000 | 8,380,000 | 11,196,000 |
| Interest expense | 300,000 | 590,000 | 863,000 | 1,131,000 |
| Net interest income | 2,474,000 | 4,989,000 | 7,517,000 | 10,065,000 |
| Noninterest income | 176,000 | 415,000 | 896,000 | 1,282,000 |
| Noninterest expense | 2,308,000 | 4,539,000 | 6,761,000 | 9,075,000 |
| Provision for loan losses | -47,000 | -62,000 | -11,000 | 53,000 |
| Pretax income | 459,000 | 994,000 | 1,730,000 | 2,286,000 |
| Income tax | 86,000 | 195,000 | 370,000 | 483,000 |
| Net income | 373,000 | 799,000 | 1,360,000 | 1,803,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 28,763,000 | 28,985,000 | 29,351,000 | 29,492,000 |
| Total capital | 31,136,000 | 31,357,000 | 31,703,000 | 31,794,000 |
| Risk-weighted assets | 197,432,000 | 201,587,000 | 198,963,000 | 203,249,000 |