Call reports 2002
MERCHANTS NATIONAL BANK — 2002
What MERCHANTS NATIONAL BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 295,924,000 | 298,406,000 | 305,255,000 | 313,151,000 |
| Total loans | 228,037,000 | 237,942,000 | 246,269,000 | 246,111,000 |
| Allowance for loan losses | 1,986,000 | 2,062,000 | 2,162,000 | 2,105,000 |
| Securities available for sale | 41,791,000 | 42,379,000 | 40,195,000 | 36,016,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 245,791,000 | 247,221,000 | 250,619,000 | 261,092,000 |
| Interest-bearing deposits | 217,766,000 | 216,391,000 | 220,782,000 | 230,890,000 |
| Noninterest-bearing deposits | 28,025,000 | 30,830,000 | 29,837,000 | 30,202,000 |
| Equity capital | 25,238,000 | 25,898,000 | 27,366,000 | 19,449,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 5,102,000 | 10,304,000 | 15,621,000 | 20,600,000 |
| Interest expense | 2,242,000 | 4,214,000 | 6,110,000 | 7,893,000 |
| Net interest income | 2,860,000 | 6,090,000 | 9,511,000 | 12,707,000 |
| Noninterest income | 352,000 | 731,000 | 1,131,000 | 1,509,000 |
| Noninterest expense | 1,712,000 | 3,509,000 | 5,395,000 | 7,088,000 |
| Provision for loan losses | 84,000 | 229,000 | 367,000 | 436,000 |
| Pretax income | 1,416,000 | 3,083,000 | 4,880,000 | 6,692,000 |
| Income tax | 449,000 | 983,000 | 1,566,000 | 2,084,000 |
| Net income | 967,000 | 2,100,000 | 3,314,000 | 4,608,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 24,865,000 | 25,158,000 | 26,372,000 | 18,706,000 |
| Total capital | 26,853,000 | 27,222,000 | 28,543,000 | 28,815,000 |
| Risk-weighted assets | 212,188,000 | 222,452,000 | 230,768,000 | 232,393,000 |