Call reports 2006
MERCHANTS & CITIZENS BANK, THE — 2006
What MERCHANTS & CITIZENS BANK, THE reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 106,511,000 | 104,833,000 | 101,978,000 | 103,881,000 |
| Total loans | 64,514,000 | 62,268,000 | 61,142,000 | 55,225,000 |
| Allowance for loan losses | 1,532,000 | 1,549,000 | 1,586,000 | 1,633,000 |
| Securities available for sale | 23,044,000 | 25,106,000 | 25,403,000 | 29,389,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 91,221,000 | 89,448,000 | 86,961,000 | 88,759,000 |
| Interest-bearing deposits | 74,788,000 | 74,663,000 | 73,149,000 | 74,245,000 |
| Noninterest-bearing deposits | 16,433,000 | 14,785,000 | 13,812,000 | 14,514,000 |
| Equity capital | 10,942,000 | 10,896,000 | 11,338,000 | 11,578,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 1,779,000 | 3,499,000 | 5,255,000 | 6,989,000 |
| Interest expense | 577,000 | 1,201,000 | 1,866,000 | 2,582,000 |
| Net interest income | 1,202,000 | 2,298,000 | 3,389,000 | 4,407,000 |
| Noninterest income | 148,000 | 300,000 | 445,000 | 613,000 |
| Noninterest expense | 830,000 | 1,583,000 | 2,450,000 | 3,277,000 |
| Provision for loan losses | 135,000 | 305,000 | 485,000 | 665,000 |
| Pretax income | 380,000 | 699,000 | 896,000 | 1,070,000 |
| Income tax | 85,000 | 144,000 | 162,000 | 174,000 |
| Net income | 295,000 | 555,000 | 734,000 | 896,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,693,000 | 8,832,000 | 9,012,000 | 8,917,000 |
| Total capital | 9,592,000 | 9,709,000 | 9,867,000 | 9,719,000 |
| Risk-weighted assets | 71,315,000 | 69,504,000 | 67,653,000 | 63,337,000 |