Call reports 2020
MERCHANTS NATIONAL BANK — 2020
What MERCHANTS NATIONAL BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 966,632,000 | 1,053,811,000 | 1,064,232,000 | 1,082,752,000 |
| Total loans | 803,973,000 | 852,441,000 | 861,837,000 | 855,924,000 |
| Allowance for loan losses | 7,012,000 | 7,387,000 | 7,840,000 | 8,151,000 |
| Securities available for sale | 28,589,000 | 22,788,000 | 22,453,000 | 22,059,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 854,035,000 | 927,464,000 | 936,096,000 | 960,920,000 |
| Interest-bearing deposits | 685,665,000 | 697,205,000 | 734,940,000 | 744,053,000 |
| Noninterest-bearing deposits | 168,370,000 | 230,259,000 | 201,156,000 | 216,867,000 |
| Equity capital | 97,303,000 | 98,093,000 | 100,464,000 | 101,695,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 10,915,000 | 21,413,000 | 31,655,000 | 42,999,000 |
| Interest expense | 1,755,000 | 3,297,000 | 4,631,000 | 5,796,000 |
| Net interest income | 9,160,000 | 18,116,000 | 27,024,000 | 37,203,000 |
| Noninterest income | 1,193,000 | 2,400,000 | 3,885,000 | 5,466,000 |
| Noninterest expense | 5,825,000 | 11,668,000 | 17,721,000 | 25,290,000 |
| Provision for loan losses | 300,000 | 750,000 | 1,200,000 | 1,650,000 |
| Pretax income | 4,228,000 | 8,098,000 | 11,988,000 | 15,729,000 |
| Income tax | 859,000 | 1,671,000 | 2,489,000 | 3,249,000 |
| Net income | 3,369,000 | 6,427,000 | 9,499,000 | 12,480,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 82,680,000 | 83,578,000 | 86,044,000 | 86,381,000 |
| Total capital | 89,692,000 | 90,965,000 | 93,884,000 | 94,532,000 |
| Risk-weighted assets | 730,052,000 | 737,000,000 | 745,437,000 | 760,977,000 |