Call reports 2019
MERCHANTS NATIONAL BANK — 2019
What MERCHANTS NATIONAL BANK reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 742,038,000 | 936,926,000 | 933,250,000 | 933,467,000 |
| Total loans | 613,211,000 | 807,729,000 | 820,200,000 | 818,775,000 |
| Allowance for loan losses | 6,292,000 | 6,562,000 | 6,762,000 | 6,805,000 |
| Securities available for sale | 29,071,000 | 26,881,000 | 26,622,000 | 25,032,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 646,299,000 | 826,407,000 | 819,441,000 | 820,652,000 |
| Interest-bearing deposits | 519,239,000 | 656,093,000 | 649,934,000 | 652,124,000 |
| Noninterest-bearing deposits | 127,060,000 | 170,314,000 | 169,507,000 | 168,528,000 |
| Equity capital | 73,472,000 | 90,445,000 | 92,681,000 | 94,055,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 8,118,000 | 18,125,000 | 29,120,000 | 40,505,000 |
| Interest expense | 1,348,000 | 3,037,000 | 4,923,000 | 6,748,000 |
| Net interest income | 6,770,000 | 15,088,000 | 24,197,000 | 33,757,000 |
| Noninterest income | 860,000 | 1,988,000 | 3,277,000 | 4,596,000 |
| Noninterest expense | 4,766,000 | 11,184,000 | 18,493,000 | 24,809,000 |
| Provision for loan losses | 190,000 | 479,000 | 629,000 | 854,000 |
| Pretax income | 2,674,000 | 5,413,000 | 8,352,000 | 12,690,000 |
| Income tax | 541,000 | 1,095,000 | 1,636,000 | 2,538,000 |
| Net income | 2,133,000 | 4,318,000 | 6,716,000 | 10,152,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 74,128,000 | 75,872,000 | 78,306,000 | 79,475,000 |
| Total capital | 80,420,000 | 82,434,000 | 85,068,000 | 86,280,000 |
| Risk-weighted assets | 571,401,000 | 744,773,000 | 751,940,000 | 748,490,000 |