Call reports 2010
MERCHANTS NATIONAL BANK — 2010
What MERCHANTS NATIONAL BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 555,885,000 | 553,579,000 | 571,912,000 | 568,841,000 |
| Total loans | 432,767,000 | 434,196,000 | 439,410,000 | 439,699,000 |
| Allowance for loan losses | 3,658,000 | 3,700,000 | 3,898,000 | 4,039,000 |
| Securities available for sale | 59,862,000 | 58,238,000 | 61,414,000 | 60,077,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 463,438,000 | 462,129,000 | 473,431,000 | 472,140,000 |
| Interest-bearing deposits | 412,306,000 | 411,849,000 | 419,801,000 | 418,171,000 |
| Noninterest-bearing deposits | 51,132,000 | 50,280,000 | 53,631,000 | 53,970,000 |
| Equity capital | 42,352,000 | 42,805,000 | 44,770,000 | 44,019,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 7,305,000 | 14,615,000 | 22,054,000 | 29,015,000 |
| Interest expense | 2,110,000 | 4,130,000 | 6,108,000 | 7,962,000 |
| Net interest income | 5,195,000 | 10,485,000 | 15,946,000 | 21,053,000 |
| Noninterest income | 874,000 | 1,524,000 | 2,014,000 | 2,597,000 |
| Noninterest expense | 3,354,000 | 6,779,000 | 10,199,000 | 13,404,000 |
| Provision for loan losses | 424,000 | 796,000 | 1,134,000 | 1,555,000 |
| Pretax income | 2,291,000 | 4,452,000 | 6,645,000 | 8,714,000 |
| Income tax | 621,000 | 1,238,000 | 1,876,000 | 2,482,000 |
| Net income | 1,670,000 | 3,214,000 | 4,769,000 | 6,232,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 41,317,000 | 41,884,000 | 43,712,000 | 44,129,000 |
| Total capital | 44,979,000 | 45,584,000 | 47,610,000 | 48,168,000 |
| Risk-weighted assets | 406,774,000 | 418,654,000 | 413,421,000 | 409,265,000 |