Call reports 2001
MERCHANTS & CITIZENS BANK, THE — 2001
What MERCHANTS & CITIZENS BANK, THE reported to the FFIEC in 2001, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Total assets | 61,683,000 | 60,985,000 | 61,342,000 | 100,336,000 |
| Total loans | 26,437,000 | 26,316,000 | 25,978,000 | 44,130,000 |
| Allowance for loan losses | 258,000 | 258,000 | 269,000 | 439,000 |
| Securities available for sale | 29,925,000 | 29,274,000 | 29,972,000 | 28,907,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 46,095,000 | 45,050,000 | 45,117,000 | 81,909,000 |
| Interest-bearing deposits | 39,967,000 | 39,296,000 | 38,478,000 | 68,537,000 |
| Noninterest-bearing deposits | 6,128,000 | 5,754,000 | 6,639,000 | 13,372,000 |
| Equity capital | 10,402,000 | 10,525,000 | 10,925,000 | 10,350,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Interest income | 1,140,000 | 2,284,000 | 3,328,000 | 4,370,000 |
| Interest expense | 564,000 | 1,118,000 | 1,606,000 | 2,028,000 |
| Net interest income | 576,000 | 1,166,000 | 1,722,000 | 2,342,000 |
| Noninterest income | 68,000 | 141,000 | 241,000 | 339,000 |
| Noninterest expense | 342,000 | 680,000 | 1,006,000 | 1,589,000 |
| Provision for loan losses | 15,000 | 30,000 | 77,000 | 309,000 |
| Pretax income | 291,000 | 624,000 | 920,000 | 833,000 |
| Income tax | 76,000 | 168,000 | 264,000 | 203,000 |
| Net income | 215,000 | 456,000 | 656,000 | 630,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,263,000 | 10,420,000 | 10,619,000 | 7,194,000 |
| Total capital | 10,521,000 | 10,678,000 | 10,888,000 | 7,633,000 |
| Risk-weighted assets | 30,827,000 | 32,754,000 | 32,651,000 | 56,741,000 |