Call reports 2015
MERCHANTS NATIONAL BANK — 2015
What MERCHANTS NATIONAL BANK reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 657,864,000 | 657,575,000 | 663,258,000 | 657,826,000 |
| Total loans | 527,958,000 | 540,269,000 | 553,143,000 | 546,953,000 |
| Allowance for loan losses | 5,499,000 | 5,594,000 | 5,739,000 | 5,839,000 |
| Securities available for sale | 40,134,000 | 41,222,000 | 45,446,000 | 40,318,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 565,328,000 | 563,056,000 | 565,602,000 | 565,673,000 |
| Interest-bearing deposits | 474,799,000 | 476,919,000 | 475,702,000 | 469,586,000 |
| Noninterest-bearing deposits | 90,529,000 | 86,137,000 | 89,900,000 | 96,087,000 |
| Equity capital | 60,713,000 | 61,054,000 | 62,703,000 | 63,314,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 6,610,000 | 13,433,000 | 20,382,000 | 27,408,000 |
| Interest expense | 830,000 | 1,698,000 | 2,600,000 | 3,477,000 |
| Net interest income | 5,780,000 | 11,735,000 | 17,782,000 | 23,931,000 |
| Noninterest income | 557,000 | 1,228,000 | 2,002,000 | 2,575,000 |
| Noninterest expense | 3,790,000 | 7,487,000 | 11,113,000 | 14,937,000 |
| Provision for loan losses | 316,000 | 572,000 | 859,000 | 1,069,000 |
| Pretax income | 2,231,000 | 4,904,000 | 7,812,000 | 10,497,000 |
| Income tax | 676,000 | 1,505,000 | 2,383,000 | 3,251,000 |
| Net income | 1,555,000 | 3,402,000 | 5,432,000 | 7,246,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 61,039,000 | 61,667,000 | 63,209,000 | 63,816,000 |
| Total capital | 66,568,000 | 67,285,000 | 68,978,000 | 69,673,000 |
| Risk-weighted assets | 499,178,000 | 512,834,000 | 527,323,000 | 530,050,000 |