Call reports 2008
MERCHANTS NATIONAL BANK — 2008
What MERCHANTS NATIONAL BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 406,979,000 | 405,402,000 | 411,187,000 | 418,271,000 |
| Total loans | 325,888,000 | 333,296,000 | 336,614,000 | 346,260,000 |
| Allowance for loan losses | 3,082,000 | 3,259,000 | 3,270,000 | 3,250,000 |
| Securities available for sale | 50,396,000 | 46,644,000 | 43,518,000 | 44,245,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 319,751,000 | 318,785,000 | 325,351,000 | 330,400,000 |
| Interest-bearing deposits | 283,035,000 | 281,337,000 | 289,635,000 | 292,357,000 |
| Noninterest-bearing deposits | 36,716,000 | 37,447,000 | 35,716,000 | 38,043,000 |
| Equity capital | 35,235,000 | 34,775,000 | 34,905,000 | 34,156,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 6,675,000 | 13,252,000 | 19,836,000 | 25,892,000 |
| Interest expense | 2,756,000 | 5,285,000 | 7,792,000 | 10,241,000 |
| Net interest income | 3,919,000 | 7,967,000 | 12,044,000 | 15,651,000 |
| Noninterest income | 513,000 | 1,051,000 | 1,552,000 | 2,037,000 |
| Noninterest expense | 2,436,000 | 4,904,000 | 7,436,000 | 9,758,000 |
| Provision for loan losses | 150,000 | 385,000 | 485,000 | 605,000 |
| Pretax income | 1,846,000 | 3,729,000 | 5,183,000 | 6,863,000 |
| Income tax | 587,000 | 1,166,000 | 1,745,000 | 1,866,000 |
| Net income | 1,259,000 | 2,563,000 | 3,438,000 | 4,997,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 35,138,000 | 35,294,000 | 36,315,000 | 36,329,000 |
| Total capital | 38,220,000 | 38,553,000 | 39,585,000 | 39,579,000 |
| Risk-weighted assets | 303,526,000 | 299,949,000 | 317,139,000 | 322,399,000 |