Call reports 2008
MERCHANTS & CITIZENS BANK, THE — 2008
What MERCHANTS & CITIZENS BANK, THE reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 104,025,000 | 101,822,000 | 99,771,000 | 101,493,000 |
| Total loans | 50,321,000 | 52,783,000 | 53,384,000 | 51,450,000 |
| Allowance for loan losses | 1,236,000 | 1,192,000 | 1,095,000 | 1,041,000 |
| Securities available for sale | 34,671,000 | 33,059,000 | 32,254,000 | 33,307,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 90,805,000 | 88,914,000 | 86,018,000 | 87,965,000 |
| Interest-bearing deposits | 76,886,000 | 75,439,000 | 73,317,000 | 72,716,000 |
| Noninterest-bearing deposits | 13,919,000 | 13,475,000 | 12,701,000 | 15,249,000 |
| Equity capital | 11,463,000 | 11,063,000 | 11,814,000 | 11,764,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 1,558,000 | 3,015,000 | 4,461,000 | 5,862,000 |
| Interest expense | 759,000 | 1,433,000 | 2,012,000 | 2,537,000 |
| Net interest income | 799,000 | 1,582,000 | 2,449,000 | 3,325,000 |
| Noninterest income | 149,000 | 310,000 | 453,000 | 612,000 |
| Noninterest expense | 719,000 | 1,515,000 | 2,287,000 | 2,994,000 |
| Provision for loan losses | 298,000 | 388,000 | 513,000 | 613,000 |
| Pretax income | -58,000 | 35,000 | 146,000 | 495,000 |
| Income tax | -47,000 | -81,000 | -81,000 | -102,000 |
| Net income | -11,000 | 116,000 | 227,000 | 597,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,059,000 | 9,132,000 | 9,257,000 | 9,506,000 |
| Total capital | 9,824,000 | 9,924,000 | 10,028,000 | 10,249,000 |
| Risk-weighted assets | 60,762,000 | 62,973,000 | 61,386,000 | 59,121,000 |