Call reports 2023
MERCHANTS & CITIZENS BANK, THE — 2023
What MERCHANTS & CITIZENS BANK, THE reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 131,167,000 | 131,036,000 | 124,207,000 | 126,311,000 |
| Total loans | 34,535,000 | 36,238,000 | 38,736,000 | 37,518,000 |
| Allowance for loan losses | 1,032,000 | 1,034,000 | 1,033,000 | 981,000 |
| Securities available for sale | 78,840,000 | 76,278,000 | 70,574,000 | 74,500,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 117,032,000 | 117,118,000 | 113,317,000 | 110,024,000 |
| Interest-bearing deposits | 72,825,000 | 73,946,000 | 70,167,000 | 70,350,000 |
| Noninterest-bearing deposits | 44,207,000 | 43,172,000 | 43,150,000 | 39,674,000 |
| Equity capital | 12,124,000 | 11,758,000 | 8,661,000 | 12,294,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 1,096,000 | 2,236,000 | 3,422,000 | 4,596,000 |
| Interest expense | 189,000 | 402,000 | 682,000 | 1,029,000 |
| Net interest income | 907,000 | 1,834,000 | 2,740,000 | 3,567,000 |
| Noninterest income | 75,000 | 141,000 | 215,000 | 287,000 |
| Noninterest expense | 801,000 | 1,555,000 | 2,334,000 | 3,365,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 181,000 | 420,000 | 618,000 | 480,000 |
| Income tax | 0 | -12,000 | -8,000 | -37,000 |
| Net income | 181,000 | 432,000 | 626,000 | 517,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,366,000 | 18,509,000 | 18,702,000 | 18,083,000 |
| Total capital | 19,274,000 | 19,437,000 | 19,652,000 | 19,018,000 |
| Risk-weighted assets | 72,547,000 | 74,201,000 | 75,934,000 | 74,810,000 |