Call reports 2020
MERCHANTS & CITIZENS BANK, THE — 2020
What MERCHANTS & CITIZENS BANK, THE reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 107,147,000 | 111,171,000 | 114,092,000 | 118,033,000 |
| Total loans | 34,674,000 | 37,132,000 | 37,437,000 | 36,323,000 |
| Allowance for loan losses | 985,000 | 949,000 | 943,000 | 939,000 |
| Securities available for sale | 50,241,000 | 48,895,000 | 44,073,000 | 46,753,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 85,596,000 | 88,533,000 | 91,180,000 | 95,746,000 |
| Interest-bearing deposits | 54,506,000 | 53,965,000 | 56,958,000 | 60,579,000 |
| Noninterest-bearing deposits | 31,090,000 | 34,568,000 | 34,222,000 | 35,167,000 |
| Equity capital | 19,418,000 | 20,370,000 | 20,540,000 | 20,148,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 854,000 | 1,719,000 | 2,544,000 | 3,303,000 |
| Interest expense | 119,000 | 237,000 | 359,000 | 483,000 |
| Net interest income | 735,000 | 1,482,000 | 2,185,000 | 2,820,000 |
| Noninterest income | 106,000 | 135,000 | 208,000 | 289,000 |
| Noninterest expense | 691,000 | 1,358,000 | 2,025,000 | 2,818,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 150,000 | 259,000 | 407,000 | 330,000 |
| Income tax | -8,000 | -17,000 | -18,000 | -41,000 |
| Net income | 158,000 | 276,000 | 425,000 | 371,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,846,000 | 15,958,000 | 16,105,000 | 15,670,000 |
| Total capital | 16,448,000 | 16,568,000 | 16,698,000 | 16,268,000 |
| Risk-weighted assets | 47,764,000 | 48,491,000 | 47,073,000 | 47,476,000 |