Call reports 2003
MERCHANTS NATIONAL BANK — 2003
What MERCHANTS NATIONAL BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 328,771,000 | 335,739,000 | 350,056,000 | 347,698,000 |
| Total loans | 255,791,000 | 272,894,000 | 284,142,000 | 286,671,000 |
| Allowance for loan losses | 2,315,000 | 2,294,000 | 2,374,000 | 2,432,000 |
| Securities available for sale | 33,228,000 | 31,942,000 | 30,169,000 | 30,454,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 268,712,000 | 262,397,000 | 270,372,000 | 267,916,000 |
| Interest-bearing deposits | 238,684,000 | 232,490,000 | 240,506,000 | 236,223,000 |
| Noninterest-bearing deposits | 30,028,000 | 29,907,000 | 29,865,000 | 31,693,000 |
| Equity capital | 20,274,000 | 20,700,000 | 20,673,000 | 20,688,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 5,020,000 | 10,284,000 | 15,457,000 | 20,005,000 |
| Interest expense | 1,758,000 | 3,569,000 | 5,337,000 | 7,124,000 |
| Net interest income | 3,262,000 | 6,715,000 | 10,120,000 | 12,881,000 |
| Noninterest income | 371,000 | 741,000 | 1,126,000 | 1,507,000 |
| Noninterest expense | 1,957,000 | 3,880,000 | 5,545,000 | 6,900,000 |
| Provision for loan losses | 404,000 | 666,000 | 2,452,000 | 2,907,000 |
| Pretax income | 1,272,000 | 2,910,000 | 3,249,000 | 4,581,000 |
| Income tax | 396,000 | 926,000 | 901,000 | 1,276,000 |
| Net income | 876,000 | 1,984,000 | 2,348,000 | 3,305,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 19,582,000 | 19,731,000 | 20,095,000 | 20,109,000 |
| Total capital | 29,908,000 | 30,034,000 | 30,473,000 | 30,542,000 |
| Risk-weighted assets | 240,999,000 | 254,152,000 | 262,983,000 | 259,876,000 |