Call reports 2018
MERCHANTS NATIONAL BANK — 2018
What MERCHANTS NATIONAL BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 720,686,000 | 718,065,000 | 711,069,000 | 736,716,000 |
| Total loans | 598,347,000 | 606,928,000 | 611,473,000 | 623,488,000 |
| Allowance for loan losses | 6,331,000 | 6,285,000 | 6,335,000 | 6,272,000 |
| Securities available for sale | 35,590,000 | 33,335,000 | 32,313,000 | 29,211,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 630,100,000 | 625,849,000 | 615,273,000 | 642,384,000 |
| Interest-bearing deposits | 508,489,000 | 506,405,000 | 497,373,000 | 516,880,000 |
| Noninterest-bearing deposits | 121,611,000 | 119,444,000 | 117,900,000 | 125,504,000 |
| Equity capital | 69,840,000 | 68,651,000 | 71,273,000 | 71,222,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 7,413,000 | 15,282,000 | 23,209,000 | 31,221,000 |
| Interest expense | 919,000 | 1,944,000 | 3,114,000 | 4,357,000 |
| Net interest income | 6,494,000 | 13,338,000 | 20,095,000 | 26,864,000 |
| Noninterest income | 853,000 | 1,687,000 | 2,642,000 | 3,572,000 |
| Noninterest expense | 4,058,000 | 8,321,000 | 12,568,000 | 17,108,000 |
| Provision for loan losses | 138,000 | 230,000 | 322,000 | 460,000 |
| Pretax income | 3,157,000 | 6,479,000 | 9,853,000 | 12,873,000 |
| Income tax | 636,000 | 1,308,000 | 1,994,000 | 2,637,000 |
| Net income | 2,521,000 | 5,171,000 | 7,859,000 | 10,236,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 69,809,000 | 68,688,000 | 71,399,000 | 71,986,000 |
| Total capital | 76,140,000 | 74,973,000 | 77,734,000 | 78,258,000 |
| Risk-weighted assets | 557,140,000 | 564,775,000 | 564,345,000 | 578,164,000 |