Call reports 2005
MERCHANTS NATIONAL BANK — 2005
What MERCHANTS NATIONAL BANK reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Total assets | 361,279,000 | 359,886,000 | 363,793,000 | 361,839,000 |
| Total loans | 293,536,000 | 293,675,000 | 294,988,000 | 291,460,000 |
| Allowance for loan losses | 2,558,000 | 2,624,000 | 2,649,000 | 2,644,000 |
| Securities available for sale | 35,418,000 | 39,034,000 | 37,197,000 | 38,070,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 282,953,000 | 283,624,000 | 286,976,000 | 285,781,000 |
| Interest-bearing deposits | 252,513,000 | 251,698,000 | 253,573,000 | 248,274,000 |
| Noninterest-bearing deposits | 30,440,000 | 31,925,000 | 33,402,000 | 37,508,000 |
| Equity capital | 31,143,000 | 31,569,000 | 32,939,000 | 32,863,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Interest income | 5,146,000 | 10,556,000 | 16,101,000 | 21,618,000 |
| Interest expense | 1,811,000 | 3,704,000 | 5,687,000 | 7,804,000 |
| Net interest income | 3,335,000 | 6,852,000 | 10,414,000 | 13,814,000 |
| Noninterest income | 508,000 | 965,000 | 1,439,000 | 1,905,000 |
| Noninterest expense | 2,097,000 | 4,130,000 | 6,169,000 | 8,185,000 |
| Provision for loan losses | 180,000 | 360,000 | 540,000 | 720,000 |
| Pretax income | 1,566,000 | 3,327,000 | 5,144,000 | 6,814,000 |
| Income tax | 471,000 | 1,005,000 | 1,553,000 | 2,025,000 |
| Net income | 1,095,000 | 2,322,000 | 3,591,000 | 4,789,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Tier 1 capital | 30,844,000 | 31,099,000 | 32,363,000 | 32,540,000 |
| Total capital | 33,402,000 | 33,723,000 | 35,012,000 | 35,184,000 |
| Risk-weighted assets | 266,289,000 | 265,461,000 | 272,683,000 | 265,575,000 |