Call reports 2018
MERCHANTS & CITIZENS BANK, THE — 2018
What MERCHANTS & CITIZENS BANK, THE reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 106,779,000 | 105,741,000 | 100,937,000 | 106,828,000 |
| Total loans | 33,960,000 | 35,684,000 | 36,252,000 | 35,727,000 |
| Allowance for loan losses | 945,000 | 989,000 | 987,000 | 964,000 |
| Securities available for sale | 55,983,000 | 56,112,000 | 53,458,000 | 53,380,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 88,436,000 | 87,131,000 | 82,489,000 | 88,103,000 |
| Interest-bearing deposits | 57,135,000 | 56,488,000 | 53,306,000 | 58,176,000 |
| Noninterest-bearing deposits | 31,301,000 | 30,643,000 | 29,183,000 | 29,927,000 |
| Equity capital | 16,367,000 | 16,534,000 | 16,303,000 | 16,778,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 850,000 | 1,760,000 | 2,674,000 | 3,598,000 |
| Interest expense | 92,000 | 186,000 | 283,000 | 388,000 |
| Net interest income | 758,000 | 1,574,000 | 2,391,000 | 3,210,000 |
| Noninterest income | 88,000 | 95,000 | 184,000 | 279,000 |
| Noninterest expense | 672,000 | 1,287,000 | 1,931,000 | 2,749,000 |
| Provision for loan losses | 20,000 | 60,000 | 60,000 | 60,000 |
| Pretax income | 154,000 | 322,000 | 595,000 | 691,000 |
| Income tax | -7,000 | -15,000 | 2,000 | -13,000 |
| Net income | 161,000 | 337,000 | 593,000 | 704,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,966,000 | 15,142,000 | 15,405,000 | 15,145,000 |
| Total capital | 15,573,000 | 15,764,000 | 16,029,000 | 15,753,000 |
| Risk-weighted assets | 48,183,000 | 49,356,000 | 49,541,000 | 48,328,000 |