Call reports 2013
MERCHANTS NATIONAL BANK — 2013
What MERCHANTS NATIONAL BANK reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 571,916,000 | 556,070,000 | 587,461,000 | 595,045,000 |
| Total loans | 452,378,000 | 470,893,000 | 487,393,000 | 496,192,000 |
| Allowance for loan losses | 4,804,000 | 4,887,000 | 5,076,000 | 5,116,000 |
| Securities available for sale | 40,188,000 | 35,585,000 | 32,644,000 | 30,851,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 486,742,000 | 474,907,000 | 502,524,000 | 512,563,000 |
| Interest-bearing deposits | 466,661,000 | 455,298,000 | 480,392,000 | 491,592,000 |
| Noninterest-bearing deposits | 20,081,000 | 19,608,000 | 22,132,000 | 20,970,000 |
| Equity capital | 52,133,000 | 51,576,000 | 53,458,000 | 54,906,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 6,286,000 | 12,595,000 | 19,097,000 | 25,753,000 |
| Interest expense | 845,000 | 1,665,000 | 2,473,000 | 3,322,000 |
| Net interest income | 5,441,000 | 10,930,000 | 16,624,000 | 22,431,000 |
| Noninterest income | 637,000 | 1,315,000 | 1,874,000 | 2,408,000 |
| Noninterest expense | 3,540,000 | 6,888,000 | 10,247,000 | 13,995,000 |
| Provision for loan losses | 365,000 | 730,000 | 984,000 | 1,238,000 |
| Pretax income | 2,173,000 | 4,627,000 | 7,267,000 | 9,606,000 |
| Income tax | 671,000 | 1,443,000 | 2,274,000 | 2,975,000 |
| Net income | 1,502,000 | 3,184,000 | 4,993,000 | 6,631,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 52,269,000 | 52,346,000 | 54,182,000 | 54,758,000 |
| Total capital | 57,094,000 | 57,238,000 | 59,294,000 | 59,931,000 |
| Risk-weighted assets | 418,616,000 | 433,783,000 | 452,385,000 | 458,785,000 |