Call reports 2004
MERCHANTS NATIONAL BANK — 2004
What MERCHANTS NATIONAL BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 355,225,000 | 352,070,000 | 361,730,000 | 363,380,000 |
| Total loans | 287,633,000 | 293,115,000 | 298,267,000 | 293,528,000 |
| Allowance for loan losses | 2,500,000 | 2,492,000 | 2,517,000 | 2,519,000 |
| Securities available for sale | 32,501,000 | 32,465,000 | 34,517,000 | 31,979,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 275,822,000 | 275,372,000 | 283,114,000 | 284,116,000 |
| Interest-bearing deposits | 246,641,000 | 243,960,000 | 253,268,000 | 249,283,000 |
| Noninterest-bearing deposits | 29,181,000 | 31,412,000 | 29,846,000 | 34,834,000 |
| Equity capital | 28,002,000 | 27,682,000 | 29,235,000 | 30,217,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 5,034,000 | 10,050,000 | 15,185,000 | 20,235,000 |
| Interest expense | 1,683,000 | 3,344,000 | 5,116,000 | 6,972,000 |
| Net interest income | 3,351,000 | 6,706,000 | 10,069,000 | 13,263,000 |
| Noninterest income | 427,000 | 882,000 | 1,335,000 | 1,768,000 |
| Noninterest expense | 1,993,000 | 3,995,000 | 5,964,000 | 7,890,000 |
| Provision for loan losses | 153,000 | 334,000 | 494,000 | 676,000 |
| Pretax income | 1,632,000 | 3,259,000 | 4,946,000 | 6,465,000 |
| Income tax | 518,000 | 1,033,000 | 1,531,000 | 1,918,000 |
| Net income | 1,114,000 | 2,226,000 | 3,415,000 | 4,547,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 27,223,000 | 27,408,000 | 28,618,000 | 29,749,000 |
| Total capital | 29,733,000 | 29,900,000 | 31,137,000 | 32,268,000 |
| Risk-weighted assets | 260,613,000 | 268,379,000 | 269,670,000 | 265,829,000 |