Call reports 2017
MERCHANTS & CITIZENS BANK, THE — 2017
What MERCHANTS & CITIZENS BANK, THE reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 109,968,000 | 107,104,000 | 104,832,000 | 104,363,000 |
| Total loans | 34,635,000 | 33,869,000 | 34,374,000 | 34,499,000 |
| Allowance for loan losses | 981,000 | 932,000 | 890,000 | 984,000 |
| Securities available for sale | 57,083,000 | 58,047,000 | 56,958,000 | 53,877,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 90,998,000 | 87,054,000 | 84,615,000 | 85,228,000 |
| Interest-bearing deposits | 60,345,000 | 58,104,000 | 58,183,000 | 55,526,000 |
| Noninterest-bearing deposits | 30,653,000 | 28,950,000 | 26,432,000 | 29,702,000 |
| Equity capital | 17,045,000 | 18,027,000 | 18,167,000 | 17,237,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 857,000 | 1,734,000 | 2,589,000 | 3,470,000 |
| Interest expense | 98,000 | 197,000 | 294,000 | 387,000 |
| Net interest income | 759,000 | 1,537,000 | 2,295,000 | 3,083,000 |
| Noninterest income | 63,000 | 158,000 | 247,000 | 338,000 |
| Noninterest expense | 689,000 | 1,287,000 | 1,915,000 | 2,696,000 |
| Provision for loan losses | 0 | 40,000 | 124,000 | 184,000 |
| Pretax income | 133,000 | 403,000 | 538,000 | 578,000 |
| Income tax | -18,000 | -13,000 | -20,000 | -98,000 |
| Net income | 151,000 | 416,000 | 558,000 | 676,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,999,000 | 15,247,000 | 15,331,000 | 14,776,000 |
| Total capital | 15,607,000 | 15,850,000 | 15,935,000 | 15,368,000 |
| Risk-weighted assets | 48,295,000 | 47,945,000 | 48,041,000 | 46,976,000 |