Call reports 2007
MERCHANTS NATIONAL BANK — 2007
What MERCHANTS NATIONAL BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 389,159,000 | 377,946,000 | 391,277,000 | 397,017,000 |
| Total loans | 304,167,000 | 311,550,000 | 320,228,000 | 321,792,000 |
| Allowance for loan losses | 2,800,000 | 2,890,000 | 2,957,000 | 3,003,000 |
| Securities available for sale | 41,877,000 | 42,554,000 | 49,478,000 | 49,111,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 310,566,000 | 301,466,000 | 310,858,000 | 309,467,000 |
| Interest-bearing deposits | 274,880,000 | 266,967,000 | 277,260,000 | 273,144,000 |
| Noninterest-bearing deposits | 35,686,000 | 34,499,000 | 33,597,000 | 36,323,000 |
| Equity capital | 35,567,000 | 33,807,000 | 34,132,000 | 33,727,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 6,321,000 | 12,844,000 | 19,459,000 | 26,111,000 |
| Interest expense | 2,801,000 | 5,679,000 | 8,618,000 | 11,581,000 |
| Net interest income | 3,520,000 | 7,165,000 | 10,841,000 | 14,530,000 |
| Noninterest income | 512,000 | 993,000 | 1,474,000 | 1,961,000 |
| Noninterest expense | 2,436,000 | 4,755,000 | 7,124,000 | 9,433,000 |
| Provision for loan losses | 85,000 | 277,000 | 470,000 | 631,000 |
| Pretax income | 1,511,000 | 3,126,000 | 4,721,000 | 6,427,000 |
| Income tax | 453,000 | 938,000 | 1,416,000 | 1,813,000 |
| Net income | 1,058,000 | 2,188,000 | 3,305,000 | 4,614,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 35,333,000 | 33,962,000 | 34,078,000 | 33,881,000 |
| Total capital | 38,133,000 | 36,852,000 | 37,035,000 | 36,884,000 |
| Risk-weighted assets | 282,812,000 | 287,874,000 | 293,849,000 | 295,908,000 |