Call reports 2021
MERCHANTS NATIONAL BANK — 2021
What MERCHANTS NATIONAL BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 1,162,324,000 | 1,175,507,000 | 1,218,524,000 | 1,207,782,000 |
| Total loans | 867,741,000 | 875,410,000 | 875,706,000 | 896,819,000 |
| Allowance for loan losses | 8,286,000 | 8,471,000 | 8,604,000 | 8,746,000 |
| Securities available for sale | 49,809,000 | 113,778,000 | 146,760,000 | 162,753,000 |
| Securities held to maturity | 0 | 0 | 0 | 47,568,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,031,493,000 | 1,050,482,000 | 1,088,876,000 | 1,079,179,000 |
| Interest-bearing deposits | 816,618,000 | 846,191,000 | 872,882,000 | 841,234,000 |
| Noninterest-bearing deposits | 214,875,000 | 204,291,000 | 215,994,000 | 237,945,000 |
| Equity capital | 103,688,000 | 104,403,000 | 107,430,000 | 107,055,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 10,006,000 | 20,481,000 | 31,994,000 | 43,348,000 |
| Interest expense | 1,035,000 | 1,930,000 | 2,747,000 | 3,469,000 |
| Net interest income | 8,971,000 | 18,551,000 | 29,247,000 | 39,879,000 |
| Noninterest income | 1,379,000 | 2,558,000 | 3,965,000 | 5,382,000 |
| Noninterest expense | 6,356,000 | 12,620,000 | 19,734,000 | 27,324,000 |
| Provision for loan losses | 150,000 | 300,000 | 450,000 | 600,000 |
| Pretax income | 3,844,000 | 8,189,000 | 13,028,000 | 17,337,000 |
| Income tax | 816,000 | 1,736,000 | 2,775,000 | 3,705,000 |
| Net income | 3,028,000 | 6,453,000 | 10,253,000 | 13,632,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 89,066,000 | 89,838,000 | 92,977,000 | 93,928,000 |
| Total capital | 97,352,000 | 98,309,000 | 101,581,000 | 102,674,000 |
| Risk-weighted assets | 765,616,000 | 802,138,000 | 831,720,000 | 873,265,000 |