Call reports 2010
MERCHANTS & CITIZENS BANK, THE — 2010
What MERCHANTS & CITIZENS BANK, THE reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 99,239,000 | 94,880,000 | 95,580,000 | 96,663,000 |
| Total loans | 48,423,000 | 47,423,000 | 46,916,000 | 44,245,000 |
| Allowance for loan losses | 1,391,000 | 1,407,000 | 1,344,000 | 1,273,000 |
| Securities available for sale | 34,802,000 | 34,148,000 | 34,639,000 | 32,121,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 84,594,000 | 79,574,000 | 79,567,000 | 82,481,000 |
| Interest-bearing deposits | 68,930,000 | 65,451,000 | 62,797,000 | 62,448,000 |
| Noninterest-bearing deposits | 15,664,000 | 14,123,000 | 16,770,000 | 20,033,000 |
| Equity capital | 13,125,000 | 13,699,000 | 14,322,000 | 12,628,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 1,209,000 | 2,434,000 | 3,613,000 | 4,777,000 |
| Interest expense | 309,000 | 594,000 | 858,000 | 1,100,000 |
| Net interest income | 900,000 | 1,840,000 | 2,755,000 | 3,677,000 |
| Noninterest income | 142,000 | 283,000 | 424,000 | 557,000 |
| Noninterest expense | 701,000 | 1,420,000 | 2,094,000 | 3,293,000 |
| Provision for loan losses | 280,000 | 385,000 | 490,000 | 949,000 |
| Pretax income | 90,000 | 499,000 | 870,000 | 272,000 |
| Income tax | -22,000 | 63,000 | 115,000 | -190,000 |
| Net income | 112,000 | 436,000 | 755,000 | 462,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,346,000 | 10,676,000 | 11,001,000 | 10,383,000 |
| Total capital | 11,057,000 | 11,388,000 | 11,718,000 | 11,080,000 |
| Risk-weighted assets | 56,229,000 | 56,226,000 | 56,706,000 | 55,173,000 |