Call reports 2003
MERCHANTS & CITIZENS BANK, THE — 2003
What MERCHANTS & CITIZENS BANK, THE reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 103,720,000 | 102,316,000 | 104,676,000 | 104,242,000 |
| Total loans | 59,963,000 | 60,723,000 | 60,883,000 | 61,671,000 |
| Allowance for loan losses | 742,000 | 827,000 | 823,000 | 800,000 |
| Securities available for sale | 32,407,000 | 31,081,000 | 30,305,000 | 32,289,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 86,507,000 | 84,224,000 | 84,521,000 | 84,351,000 |
| Interest-bearing deposits | 74,325,000 | 72,549,000 | 71,308,000 | 70,646,000 |
| Noninterest-bearing deposits | 12,182,000 | 11,675,000 | 13,213,000 | 13,705,000 |
| Equity capital | 11,227,000 | 11,772,000 | 11,609,000 | 10,693,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 1,532,000 | 3,041,000 | 4,497,000 | 6,005,000 |
| Interest expense | 539,000 | 1,049,000 | 1,534,000 | 1,994,000 |
| Net interest income | 993,000 | 1,992,000 | 2,963,000 | 4,011,000 |
| Noninterest income | 184,000 | 419,000 | 586,000 | 800,000 |
| Noninterest expense | 691,000 | 1,295,000 | 1,986,000 | 3,029,000 |
| Provision for loan losses | 29,000 | 114,000 | 144,000 | 663,000 |
| Pretax income | 449,000 | 979,000 | 1,380,000 | 1,070,000 |
| Income tax | 131,000 | 268,000 | 372,000 | 342,000 |
| Net income | 318,000 | 711,000 | 1,008,000 | 728,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,673,000 | 8,223,000 | 8,553,000 | 7,633,000 |
| Total capital | 8,415,000 | 9,050,000 | 9,376,000 | 8,433,000 |
| Risk-weighted assets | 65,446,000 | 66,556,000 | 67,805,000 | 68,276,000 |