Call reports 2014
MERCHANTS NATIONAL BANK — 2014
What MERCHANTS NATIONAL BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 653,833,000 | 633,729,000 | 624,453,000 | 639,950,000 |
| Total loans | 496,388,000 | 511,230,000 | 523,684,000 | 533,138,000 |
| Allowance for loan losses | 5,163,000 | 5,222,000 | 5,307,000 | 5,356,000 |
| Securities available for sale | 29,456,000 | 44,476,000 | 39,411,000 | 37,952,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 564,734,000 | 547,639,000 | 535,272,000 | 547,416,000 |
| Interest-bearing deposits | 534,145,000 | 456,467,000 | 450,451,000 | 453,742,000 |
| Noninterest-bearing deposits | 30,590,000 | 91,171,000 | 84,822,000 | 93,674,000 |
| Equity capital | 56,669,000 | 57,255,000 | 59,065,000 | 59,044,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 6,371,000 | 12,862,000 | 19,588,000 | 26,482,000 |
| Interest expense | 830,000 | 1,670,000 | 2,473,000 | 3,306,000 |
| Net interest income | 5,541,000 | 11,192,000 | 17,115,000 | 23,176,000 |
| Noninterest income | 595,000 | 1,132,000 | 1,651,000 | 2,360,000 |
| Noninterest expense | 3,576,000 | 7,304,000 | 10,837,000 | 14,525,000 |
| Provision for loan losses | 267,000 | 502,000 | 819,000 | 1,135,000 |
| Pretax income | 2,293,000 | 4,518,000 | 7,110,000 | 9,876,000 |
| Income tax | 694,000 | 1,340,000 | 2,129,000 | 2,999,000 |
| Net income | 1,599,000 | 3,178,000 | 4,981,000 | 6,877,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 56,339,000 | 56,851,000 | 58,362,000 | 59,108,000 |
| Total capital | 61,575,000 | 62,148,000 | 63,741,000 | 64,464,000 |
| Risk-weighted assets | 460,002,000 | 489,040,000 | 487,945,000 | 502,508,000 |