Call reports 2017
MERCHANTS NATIONAL BANK — 2017
What MERCHANTS NATIONAL BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 695,702,000 | 682,952,000 | 682,555,000 | 677,878,000 |
| Total loans | 530,823,000 | 572,088,000 | 583,942,000 | 589,182,000 |
| Allowance for loan losses | 5,742,000 | 5,850,000 | 6,058,000 | 6,148,000 |
| Securities available for sale | 51,097,000 | 47,133,000 | 38,086,000 | 37,312,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 606,386,000 | 596,074,000 | 594,122,000 | 588,849,000 |
| Interest-bearing deposits | 495,717,000 | 487,944,000 | 485,781,000 | 476,991,000 |
| Noninterest-bearing deposits | 110,669,000 | 108,130,000 | 108,341,000 | 111,858,000 |
| Equity capital | 67,294,000 | 65,372,000 | 67,013,000 | 67,437,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 6,653,000 | 13,495,000 | 20,732,000 | 28,262,000 |
| Interest expense | 755,000 | 1,551,000 | 2,382,000 | 3,222,000 |
| Net interest income | 5,898,000 | 11,944,000 | 18,350,000 | 25,040,000 |
| Noninterest income | 745,000 | 1,525,000 | 2,387,000 | 3,233,000 |
| Noninterest expense | 3,685,000 | 7,418,000 | 11,284,000 | 15,373,000 |
| Provision for loan losses | 180,000 | 300,000 | 480,000 | 660,000 |
| Pretax income | 2,778,000 | 5,751,000 | 8,973,000 | 12,329,000 |
| Income tax | 893,000 | 1,853,000 | 2,902,000 | 5,031,000 |
| Net income | 1,885,000 | 3,898,000 | 6,071,000 | 7,298,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 67,565,000 | 65,647,000 | 67,341,000 | 67,301,000 |
| Total capital | 73,349,000 | 71,533,000 | 73,444,000 | 73,449,000 |
| Risk-weighted assets | 517,532,000 | 541,256,000 | 545,080,000 | 546,198,000 |