Call reports 2004
MERCHANTS & CITIZENS BANK, THE — 2004
What MERCHANTS & CITIZENS BANK, THE reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 101,897,000 | 106,257,000 | 105,762,000 | 107,544,000 |
| Total loans | 63,663,000 | 65,244,000 | 67,938,000 | 68,905,000 |
| Allowance for loan losses | 823,000 | 699,000 | 1,059,000 | 1,125,000 |
| Securities available for sale | 27,679,000 | 28,003,000 | 27,152,000 | 25,561,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 85,827,000 | 87,234,000 | 86,245,000 | 88,627,000 |
| Interest-bearing deposits | 71,792,000 | 73,273,000 | 72,778,000 | 73,308,000 |
| Noninterest-bearing deposits | 14,035,000 | 13,961,000 | 13,467,000 | 15,319,000 |
| Equity capital | 11,227,000 | 10,626,000 | 11,279,000 | 10,770,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 1,489,000 | 3,025,000 | 4,580,000 | 6,178,000 |
| Interest expense | 440,000 | 885,000 | 1,338,000 | 1,803,000 |
| Net interest income | 1,049,000 | 2,140,000 | 3,242,000 | 4,375,000 |
| Noninterest income | 229,000 | 449,000 | 651,000 | 836,000 |
| Noninterest expense | 738,000 | 1,398,000 | 2,130,000 | 3,129,000 |
| Provision for loan losses | 75,000 | 150,000 | 685,000 | 889,000 |
| Pretax income | 473,000 | 1,064,000 | 1,113,000 | 1,243,000 |
| Income tax | 134,000 | 303,000 | 285,000 | 352,000 |
| Net income | 339,000 | 761,000 | 828,000 | 891,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,004,000 | 8,336,000 | 8,434,000 | 7,988,000 |
| Total capital | 8,827,000 | 9,035,000 | 9,356,000 | 8,921,000 |
| Risk-weighted assets | 69,270,000 | 72,461,000 | 73,624,000 | 74,476,000 |