Call reports 2006
MERCHANTS NATIONAL BANK — 2006
What MERCHANTS NATIONAL BANK reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 367,938,000 | 364,633,000 | 366,914,000 | 380,340,000 |
| Total loans | 292,359,000 | 293,367,000 | 297,450,000 | 299,538,000 |
| Allowance for loan losses | 2,581,000 | 2,712,000 | 2,774,000 | 2,709,000 |
| Securities available for sale | 36,671,000 | 40,553,000 | 40,035,000 | 41,433,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 290,916,000 | 292,104,000 | 294,224,000 | 303,342,000 |
| Interest-bearing deposits | 258,037,000 | 258,443,000 | 262,412,000 | 267,007,000 |
| Noninterest-bearing deposits | 32,879,000 | 33,661,000 | 31,812,000 | 36,334,000 |
| Equity capital | 33,922,000 | 33,928,000 | 34,414,000 | 34,632,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 5,629,000 | 11,583,000 | 17,661,000 | 23,807,000 |
| Interest expense | 2,160,000 | 4,488,000 | 6,991,000 | 9,667,000 |
| Net interest income | 3,469,000 | 7,095,000 | 10,670,000 | 14,140,000 |
| Noninterest income | 467,000 | 930,000 | 1,419,000 | 1,865,000 |
| Noninterest expense | 2,181,000 | 4,328,000 | 6,565,000 | 8,685,000 |
| Provision for loan losses | 165,000 | 325,000 | 425,000 | 605,000 |
| Pretax income | 1,590,000 | 3,372,000 | 5,099,000 | 6,715,000 |
| Income tax | 478,000 | 1,013,000 | 1,530,000 | 1,980,000 |
| Net income | 1,112,000 | 2,359,000 | 3,569,000 | 4,735,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 33,677,000 | 33,921,000 | 34,139,000 | 34,345,000 |
| Total capital | 36,263,000 | 36,633,000 | 36,913,000 | 37,054,000 |
| Risk-weighted assets | 268,126,000 | 270,227,000 | 275,136,000 | 277,779,000 |