Call reports 2021
MERCHANTS & CITIZENS BANK, THE — 2021
What MERCHANTS & CITIZENS BANK, THE reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 123,437,000 | 125,230,000 | 128,958,000 | 133,727,000 |
| Total loans | 36,439,000 | 36,078,000 | 37,329,000 | 34,515,000 |
| Allowance for loan losses | 940,000 | 945,000 | 949,000 | 951,000 |
| Securities available for sale | 58,204,000 | 67,586,000 | 73,127,000 | 76,741,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 101,653,000 | 103,095,000 | 106,958,000 | 112,510,000 |
| Interest-bearing deposits | 62,976,000 | 65,287,000 | 66,162,000 | 71,034,000 |
| Noninterest-bearing deposits | 38,677,000 | 37,808,000 | 40,796,000 | 41,476,000 |
| Equity capital | 19,530,000 | 19,757,000 | 19,560,000 | 19,012,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 853,000 | 1,717,000 | 2,554,000 | 3,392,000 |
| Interest expense | 119,000 | 238,000 | 358,000 | 473,000 |
| Net interest income | 734,000 | 1,479,000 | 2,196,000 | 2,919,000 |
| Noninterest income | 104,000 | 198,000 | 277,000 | 357,000 |
| Noninterest expense | 668,000 | 1,393,000 | 2,069,000 | 2,889,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 209,000 | 384,000 | 549,000 | 532,000 |
| Income tax | -1,000 | -7,000 | -7,000 | -46,000 |
| Net income | 210,000 | 391,000 | 556,000 | 578,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,886,000 | 16,068,000 | 16,227,000 | 15,804,000 |
| Total capital | 16,526,000 | 16,742,000 | 16,931,000 | 16,515,000 |
| Risk-weighted assets | 50,907,000 | 53,654,000 | 56,094,000 | 56,621,000 |