Call reports 2007
MERCHANTS & CITIZENS BANK, THE — 2007
What MERCHANTS & CITIZENS BANK, THE reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 102,163,000 | 103,013,000 | 102,853,000 | 104,181,000 |
| Total loans | 53,003,000 | 52,815,000 | 51,127,000 | 51,969,000 |
| Allowance for loan losses | 1,516,000 | 1,369,000 | 840,000 | 1,004,000 |
| Securities available for sale | 30,685,000 | 33,010,000 | 34,796,000 | 34,997,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 88,773,000 | 89,941,000 | 89,289,000 | 90,831,000 |
| Interest-bearing deposits | 74,085,000 | 74,175,000 | 75,993,000 | 77,118,000 |
| Noninterest-bearing deposits | 14,688,000 | 15,766,000 | 13,296,000 | 13,713,000 |
| Equity capital | 11,745,000 | 11,151,000 | 11,651,000 | 11,649,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 1,658,000 | 3,296,000 | 4,961,000 | 6,614,000 |
| Interest expense | 743,000 | 1,522,000 | 2,325,000 | 3,131,000 |
| Net interest income | 915,000 | 1,774,000 | 2,636,000 | 3,483,000 |
| Noninterest income | 143,000 | 284,000 | 424,000 | 598,000 |
| Noninterest expense | 868,000 | 1,611,000 | 2,424,000 | 3,214,000 |
| Provision for loan losses | 55,000 | 55,000 | 315,000 | 570,000 |
| Pretax income | 166,000 | 418,000 | 343,000 | 315,000 |
| Income tax | 13,000 | 52,000 | -22,000 | -262,000 |
| Net income | 153,000 | 366,000 | 365,000 | 577,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,074,000 | 9,173,000 | 9,177,000 | 9,067,000 |
| Total capital | 9,858,000 | 9,959,000 | 9,947,000 | 9,850,000 |
| Risk-weighted assets | 61,967,000 | 62,331,000 | 61,504,000 | 62,425,000 |