Call reports 2011
MERCHANTS NATIONAL BANK — 2011
What MERCHANTS NATIONAL BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 594,718,000 | 583,400,000 | 571,173,000 | 570,492,000 |
| Total loans | 433,466,000 | 434,332,000 | 440,694,000 | 447,794,000 |
| Allowance for loan losses | 4,262,000 | 4,271,000 | 4,290,000 | 4,366,000 |
| Securities available for sale | 59,343,000 | 64,177,000 | 61,173,000 | 58,504,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 499,248,000 | 487,528,000 | 473,785,000 | 475,181,000 |
| Interest-bearing deposits | 443,718,000 | 432,991,000 | 417,244,000 | 411,075,000 |
| Noninterest-bearing deposits | 55,530,000 | 54,537,000 | 56,541,000 | 64,106,000 |
| Equity capital | 45,839,000 | 46,744,000 | 48,544,000 | 48,608,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 7,117,000 | 14,284,000 | 21,474,000 | 28,171,000 |
| Interest expense | 1,701,000 | 3,344,000 | 4,890,000 | 6,288,000 |
| Net interest income | 5,416,000 | 10,940,000 | 16,584,000 | 21,883,000 |
| Noninterest income | 597,000 | 1,174,000 | 1,790,000 | 2,366,000 |
| Noninterest expense | 3,552,000 | 6,930,000 | 10,626,000 | 13,557,000 |
| Provision for loan losses | 359,000 | 766,000 | 1,165,000 | 1,700,000 |
| Pretax income | 2,102,000 | 4,418,000 | 6,583,000 | 8,992,000 |
| Income tax | 607,000 | 1,279,000 | 1,914,000 | 2,624,000 |
| Net income | 1,495,000 | 3,139,000 | 4,669,000 | 6,368,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 45,681,000 | 46,288,000 | 47,865,000 | 48,513,000 |
| Total capital | 49,952,000 | 50,575,000 | 52,155,000 | 52,884,000 |
| Risk-weighted assets | 405,639,000 | 418,774,000 | 413,878,000 | 420,017,000 |