Call reports 2014
MERCHANTS & CITIZENS BANK, THE — 2014
What MERCHANTS & CITIZENS BANK, THE reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 108,640,000 | 105,088,000 | 101,928,000 | 105,024,000 |
| Total loans | 37,787,000 | 37,121,000 | 38,007,000 | 36,157,000 |
| Allowance for loan losses | 1,065,000 | 1,108,000 | 1,024,000 | 1,042,000 |
| Securities available for sale | 51,648,000 | 49,598,000 | 51,243,000 | 51,050,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 92,702,000 | 87,988,000 | 84,115,000 | 86,792,000 |
| Interest-bearing deposits | 69,296,000 | 65,275,000 | 60,901,000 | 61,987,000 |
| Noninterest-bearing deposits | 23,406,000 | 22,713,000 | 23,214,000 | 24,805,000 |
| Equity capital | 14,117,000 | 15,331,000 | 16,012,000 | 16,400,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 960,000 | 1,943,000 | 2,875,000 | 3,773,000 |
| Interest expense | 126,000 | 293,000 | 391,000 | 490,000 |
| Net interest income | 834,000 | 1,650,000 | 2,484,000 | 3,283,000 |
| Noninterest income | 129,000 | 245,000 | 355,000 | 473,000 |
| Noninterest expense | 613,000 | 1,131,000 | 1,737,000 | 2,539,000 |
| Provision for loan losses | 60,000 | 100,000 | 0 | 0 |
| Pretax income | 291,000 | 663,000 | 1,101,000 | 1,216,000 |
| Income tax | 54,000 | 125,000 | 203,000 | 185,000 |
| Net income | 237,000 | 538,000 | 898,000 | 1,031,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,609,000 | 13,909,000 | 14,270,000 | 14,102,000 |
| Total capital | 14,226,000 | 14,494,000 | 14,867,000 | 14,673,000 |
| Risk-weighted assets | 48,876,000 | 46,264,000 | 47,361,000 | 45,246,000 |