Call reports 2005
MERCHANTS & CITIZENS BANK, THE — 2005
What MERCHANTS & CITIZENS BANK, THE reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Total assets | 108,188,000 | 106,257,000 | 106,098,000 | 103,470,000 |
| Total loans | 70,876,000 | 70,266,000 | 68,022,000 | 66,324,000 |
| Allowance for loan losses | 1,187,000 | 1,686,000 | 1,321,000 | 1,392,000 |
| Securities available for sale | 25,883,000 | 25,464,000 | 24,474,000 | 23,824,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 90,315,000 | 88,529,000 | 88,510,000 | 87,059,000 |
| Interest-bearing deposits | 76,327,000 | 74,536,000 | 74,274,000 | 71,027,000 |
| Noninterest-bearing deposits | 13,988,000 | 13,993,000 | 14,236,000 | 16,032,000 |
| Equity capital | 10,844,000 | 10,928,000 | 11,186,000 | 10,670,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Interest income | 1,689,000 | 3,436,000 | 5,220,000 | 6,943,000 |
| Interest expense | 480,000 | 987,000 | 1,530,000 | 2,063,000 |
| Net interest income | 1,209,000 | 2,449,000 | 3,690,000 | 4,880,000 |
| Noninterest income | 163,000 | 329,000 | 540,000 | 707,000 |
| Noninterest expense | 759,000 | 1,437,000 | 2,347,000 | 3,089,000 |
| Provision for loan losses | 120,000 | 785,000 | 860,000 | 1,463,000 |
| Pretax income | 484,000 | 561,000 | 1,043,000 | 1,048,000 |
| Income tax | 133,000 | 127,000 | 259,000 | 218,000 |
| Net income | 351,000 | 434,000 | 784,000 | 830,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,370,000 | 8,364,000 | 8,745,000 | 8,398,000 |
| Total capital | 9,316,000 | 9,296,000 | 9,654,000 | 9,300,000 |
| Risk-weighted assets | 75,411,000 | 73,826,000 | 72,292,000 | 71,679,000 |