Call reports 2018
MERCHANTS BANK OF BANGOR — 2018
What MERCHANTS BANK OF BANGOR reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 391,361,000 | 397,131,000 | 399,601,000 | 395,948,000 |
| Total loans | 235,904,000 | 238,042,000 | 236,066,000 | 237,549,000 |
| Allowance for loan losses | 2,283,000 | 2,403,000 | 2,537,000 | 2,600,000 |
| Securities available for sale | 108,687,000 | 109,402,000 | 116,463,000 | 118,185,000 |
| Securities held to maturity | 18,608,000 | 17,816,000 | 16,827,000 | 16,424,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 329,720,000 | 336,082,000 | 341,531,000 | 338,893,000 |
| Interest-bearing deposits | 289,645,000 | 289,644,000 | 294,939,000 | 295,626,000 |
| Noninterest-bearing deposits | 40,075,000 | 46,438,000 | 46,592,000 | 43,267,000 |
| Equity capital | 30,419,000 | 30,854,000 | 30,664,000 | 32,759,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 3,355,000 | 6,809,000 | 10,435,000 | 14,144,000 |
| Interest expense | 254,000 | 516,000 | 793,000 | 1,114,000 |
| Net interest income | 3,101,000 | 6,293,000 | 9,642,000 | 13,030,000 |
| Noninterest income | 397,000 | 826,000 | 1,264,000 | 1,671,000 |
| Noninterest expense | 2,398,000 | 4,844,000 | 7,203,000 | 9,756,000 |
| Provision for loan losses | 105,000 | 225,000 | 370,000 | 641,000 |
| Pretax income | 995,000 | 2,050,000 | 3,302,000 | 4,273,000 |
| Income tax | 150,000 | 325,000 | 530,000 | 617,000 |
| Net income | 845,000 | 1,725,000 | 2,772,000 | 3,656,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 33,850,000 | 34,503,000 | 35,304,000 | 35,961,000 |
| Total capital | 36,138,000 | 36,911,000 | 37,846,000 | 38,569,000 |
| Risk-weighted assets | 246,424,000 | 249,469,000 | 248,160,000 | 250,336,000 |