Call reports 2016
MERCHANTS & CITIZENS BANK, THE — 2016
What MERCHANTS & CITIZENS BANK, THE reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 110,681,000 | 107,421,000 | 105,702,000 | 105,348,000 |
| Total loans | 36,216,000 | 36,086,000 | 34,901,000 | 34,978,000 |
| Allowance for loan losses | 1,071,000 | 1,109,000 | 997,000 | 979,000 |
| Securities available for sale | 55,774,000 | 57,325,000 | 54,804,000 | 53,830,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 91,284,000 | 87,041,000 | 85,132,000 | 86,998,000 |
| Interest-bearing deposits | 62,737,000 | 60,336,000 | 57,919,000 | 59,112,000 |
| Noninterest-bearing deposits | 28,547,000 | 26,705,000 | 27,213,000 | 27,886,000 |
| Equity capital | 17,501,000 | 18,384,000 | 18,545,000 | 16,474,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 869,000 | 1,735,000 | 2,626,000 | 3,431,000 |
| Interest expense | 100,000 | 201,000 | 303,000 | 400,000 |
| Net interest income | 769,000 | 1,534,000 | 2,323,000 | 3,031,000 |
| Noninterest income | 101,000 | 451,000 | 539,000 | 619,000 |
| Noninterest expense | 610,000 | 1,320,000 | 1,983,000 | 2,762,000 |
| Provision for loan losses | 20,000 | 80,000 | 140,000 | 200,000 |
| Pretax income | 260,000 | 605,000 | 778,000 | 727,000 |
| Income tax | 29,000 | 90,000 | 70,000 | -5,000 |
| Net income | 231,000 | 515,000 | 708,000 | 732,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,726,000 | 15,010,000 | 15,203,000 | 14,856,000 |
| Total capital | 15,346,000 | 15,622,000 | 15,798,000 | 15,472,000 |
| Risk-weighted assets | 49,147,000 | 48,485,000 | 47,213,000 | 48,920,000 |