Call reports 2016
MERCHANTS BANK OF BANGOR — 2016
What MERCHANTS BANK OF BANGOR reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 350,388,000 | 359,284,000 | 370,907,000 | 372,745,000 |
| Total loans | 194,540,000 | 202,555,000 | 205,780,000 | 213,949,000 |
| Allowance for loan losses | 1,825,000 | 1,846,000 | 1,915,000 | 1,839,000 |
| Securities available for sale | 98,985,000 | 105,666,000 | 108,209,000 | 113,341,000 |
| Securities held to maturity | 20,261,000 | 21,232,000 | 21,160,000 | 21,091,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 296,366,000 | 304,084,000 | 315,681,000 | 312,686,000 |
| Interest-bearing deposits | 256,461,000 | 264,278,000 | 270,593,000 | 271,578,000 |
| Noninterest-bearing deposits | 39,905,000 | 39,806,000 | 45,088,000 | 41,108,000 |
| Equity capital | 29,612,000 | 30,436,000 | 30,701,000 | 29,551,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 2,772,000 | 5,594,000 | 8,522,000 | 11,536,000 |
| Interest expense | 235,000 | 482,000 | 728,000 | 982,000 |
| Net interest income | 2,537,000 | 5,112,000 | 7,794,000 | 10,554,000 |
| Noninterest income | 366,000 | 731,000 | 1,086,000 | 1,108,000 |
| Noninterest expense | 2,483,000 | 4,997,000 | 7,299,000 | 9,528,000 |
| Provision for loan losses | 15,000 | 45,000 | 110,000 | 185,000 |
| Pretax income | 534,000 | 930,000 | 1,600,000 | 2,078,000 |
| Income tax | 86,000 | 122,000 | 251,000 | 313,000 |
| Net income | 448,000 | 808,000 | 1,349,000 | 1,765,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 30,583,000 | 30,740,000 | 31,101,000 | 31,312,000 |
| Total capital | 32,418,000 | 32,596,000 | 33,026,000 | 33,156,000 |
| Risk-weighted assets | 221,667,000 | 224,875,000 | 227,112,000 | 235,179,000 |