Call reports 2017
MERCHANTS BANK OF BANGOR — 2017
What MERCHANTS BANK OF BANGOR reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 393,522,000 | 393,543,000 | 389,412,000 | 393,372,000 |
| Total loans | 222,446,000 | 226,103,000 | 227,527,000 | 228,336,000 |
| Allowance for loan losses | 1,918,000 | 2,026,000 | 2,147,000 | 2,145,000 |
| Securities available for sale | 113,324,000 | 119,215,000 | 113,099,000 | 113,484,000 |
| Securities held to maturity | 20,819,000 | 20,288,000 | 19,535,000 | 19,010,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 328,407,000 | 333,491,000 | 328,830,000 | 331,293,000 |
| Interest-bearing deposits | 283,917,000 | 289,425,000 | 283,153,000 | 290,899,000 |
| Noninterest-bearing deposits | 44,490,000 | 44,066,000 | 45,677,000 | 40,394,000 |
| Equity capital | 29,968,000 | 31,053,000 | 31,433,000 | 31,174,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 3,030,000 | 6,248,000 | 9,467,000 | 12,727,000 |
| Interest expense | 251,000 | 498,000 | 737,000 | 975,000 |
| Net interest income | 2,779,000 | 5,750,000 | 8,730,000 | 11,752,000 |
| Noninterest income | 369,000 | 735,000 | 1,169,000 | 1,549,000 |
| Noninterest expense | 2,354,000 | 4,648,000 | 6,970,000 | 9,297,000 |
| Provision for loan losses | 75,000 | 180,000 | 300,000 | 405,000 |
| Pretax income | 729,000 | 1,671,000 | 2,644,000 | 3,616,000 |
| Income tax | 149,000 | 376,000 | 613,000 | 1,183,000 |
| Net income | 580,000 | 1,295,000 | 2,031,000 | 2,433,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 31,663,000 | 32,174,000 | 32,705,000 | 33,245,000 |
| Total capital | 33,586,000 | 34,205,000 | 34,857,000 | 35,395,000 |
| Risk-weighted assets | 240,022,000 | 239,236,000 | 239,150,000 | 239,447,000 |