Call reports 2019
MERCHANTS BANK OF BANGOR — 2019
What MERCHANTS BANK OF BANGOR reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 404,109,000 | 409,018,000 | 412,637,000 | 400,903,000 |
| Total loans | 236,218,000 | 243,363,000 | 241,185,000 | 239,930,000 |
| Allowance for loan losses | 2,651,000 | 2,710,000 | 2,753,000 | 2,750,000 |
| Securities available for sale | 134,445,000 | 141,442,000 | 140,595,000 | 139,028,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 354,571,000 | 353,542,000 | 358,381,000 | 337,314,000 |
| Interest-bearing deposits | 311,515,000 | 305,726,000 | 308,345,000 | 293,105,000 |
| Noninterest-bearing deposits | 43,056,000 | 47,816,000 | 50,036,000 | 44,209,000 |
| Equity capital | 34,330,000 | 37,688,000 | 39,225,000 | 39,036,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 3,666,000 | 7,423,000 | 11,205,000 | 14,914,000 |
| Interest expense | 346,000 | 681,000 | 1,044,000 | 1,428,000 |
| Net interest income | 3,320,000 | 6,742,000 | 10,161,000 | 13,486,000 |
| Noninterest income | 367,000 | 946,000 | 1,350,000 | 1,730,000 |
| Noninterest expense | 2,638,000 | 5,305,000 | 7,952,000 | 10,850,000 |
| Provision for loan losses | 50,000 | 115,000 | 165,000 | 165,000 |
| Pretax income | 999,000 | 2,271,000 | 3,401,000 | 4,208,000 |
| Income tax | 152,000 | 319,000 | 493,000 | 601,000 |
| Net income | 847,000 | 1,952,000 | 2,908,000 | 3,607,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 36,581,000 | 37,450,000 | 38,141,000 | 38,341,000 |
| Total capital | 39,239,000 | 40,168,000 | 40,901,000 | 41,099,000 |
| Risk-weighted assets | 250,160,000 | 256,452,000 | 254,734,000 | 254,766,000 |