Call reports 2002
MERCHANTS & CITIZENS BANK, THE — 2002
What MERCHANTS & CITIZENS BANK, THE reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 96,051,000 | 96,320,000 | 101,771,000 | 103,686,000 |
| Total loans | 52,618,000 | 53,866,000 | 58,408,000 | 61,468,000 |
| Allowance for loan losses | 445,000 | 509,000 | 532,000 | 800,000 |
| Securities available for sale | 32,668,000 | 31,359,000 | 30,845,000 | 31,959,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 80,319,000 | 79,765,000 | 84,081,000 | 85,667,000 |
| Interest-bearing deposits | 69,316,000 | 69,039,000 | 71,238,000 | 74,927,000 |
| Noninterest-bearing deposits | 11,003,000 | 10,726,000 | 12,843,000 | 10,740,000 |
| Equity capital | 10,496,000 | 11,052,000 | 11,788,000 | 10,823,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 1,500,000 | 3,001,000 | 4,539,000 | 6,036,000 |
| Interest expense | 632,000 | 1,195,000 | 1,767,000 | 2,313,000 |
| Net interest income | 868,000 | 1,806,000 | 2,772,000 | 3,723,000 |
| Noninterest income | 161,000 | 323,000 | 576,000 | 725,000 |
| Noninterest expense | 575,000 | 1,169,000 | 1,797,000 | 2,740,000 |
| Provision for loan losses | 30,000 | 131,000 | 201,000 | 579,000 |
| Pretax income | 438,000 | 848,000 | 1,371,000 | 1,146,000 |
| Income tax | 131,000 | 250,000 | 397,000 | 540,000 |
| Net income | 307,000 | 598,000 | 974,000 | 606,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,532,000 | 7,734,000 | 8,142,000 | 7,324,000 |
| Total capital | 7,977,000 | 8,243,000 | 8,674,000 | 8,124,000 |
| Risk-weighted assets | 58,604,000 | 60,723,000 | 64,691,000 | 66,093,000 |