Call reports 2016
MERCHANTS NATIONAL BANK — 2016
What MERCHANTS NATIONAL BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 687,392,000 | 673,308,000 | 671,574,000 | 668,499,000 |
| Total loans | 536,735,000 | 527,055,000 | 543,305,000 | 537,816,000 |
| Allowance for loan losses | 5,760,000 | 5,710,000 | 5,819,000 | 5,675,000 |
| Securities available for sale | 47,855,000 | 47,372,000 | 43,252,000 | 47,217,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 587,370,000 | 578,662,000 | 577,479,000 | 583,746,000 |
| Interest-bearing deposits | 490,494,000 | 482,761,000 | 481,568,000 | 480,699,000 |
| Noninterest-bearing deposits | 96,876,000 | 95,901,000 | 95,911,000 | 103,047,000 |
| Equity capital | 65,421,000 | 63,026,000 | 64,862,000 | 65,357,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 6,835,000 | 13,625,000 | 20,420,000 | 27,243,000 |
| Interest expense | 874,000 | 1,748,000 | 2,586,000 | 3,399,000 |
| Net interest income | 5,961,000 | 11,877,000 | 17,834,000 | 23,844,000 |
| Noninterest income | 650,000 | 1,421,000 | 2,189,000 | 3,027,000 |
| Noninterest expense | 3,612,000 | 7,451,000 | 11,194,000 | 15,130,000 |
| Provision for loan losses | 49,000 | 124,000 | 349,000 | 499,000 |
| Pretax income | 2,950,000 | 5,723,000 | 8,480,000 | 11,242,000 |
| Income tax | 931,000 | 1,816,000 | 2,688,000 | 3,639,000 |
| Net income | 2,019,000 | 3,907,000 | 5,792,000 | 7,603,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 65,756,000 | 63,347,000 | 65,250,000 | 65,723,000 |
| Total capital | 71,530,000 | 69,084,000 | 71,084,000 | 71,448,000 |
| Risk-weighted assets | 515,456,000 | 505,277,000 | 527,608,000 | 516,148,000 |