Call reports 2022
MERCHANTS NATIONAL BANK — 2022
What MERCHANTS NATIONAL BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 1,227,460,000 | 1,249,398,000 | 1,240,176,000 | 1,265,974,000 |
| Total loans | 893,315,000 | 911,846,000 | 943,007,000 | 963,689,000 |
| Allowance for loan losses | 8,909,000 | 9,051,000 | 9,312,000 | 9,584,000 |
| Securities available for sale | 151,952,000 | 151,543,000 | 144,562,000 | 147,656,000 |
| Securities held to maturity | 57,569,000 | 60,569,000 | 60,569,000 | 60,568,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,101,263,000 | 1,129,120,000 | 1,110,229,000 | 1,111,253,000 |
| Interest-bearing deposits | 874,429,000 | 925,666,000 | 858,885,000 | 849,804,000 |
| Noninterest-bearing deposits | 226,834,000 | 203,454,000 | 251,344,000 | 261,449,000 |
| Equity capital | 103,895,000 | 101,002,000 | 99,254,000 | 100,925,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 10,002,000 | 20,420,000 | 31,905,000 | 43,684,000 |
| Interest expense | 622,000 | 1,172,000 | 2,027,000 | 3,653,000 |
| Net interest income | 9,380,000 | 19,248,000 | 29,878,000 | 40,031,000 |
| Noninterest income | 1,516,000 | 2,828,000 | 4,195,000 | 5,525,000 |
| Noninterest expense | 6,760,000 | 13,060,000 | 19,802,000 | 26,816,000 |
| Provision for loan losses | 150,000 | 300,000 | 450,000 | 600,000 |
| Pretax income | 3,986,000 | 8,716,000 | 13,821,000 | 18,140,000 |
| Income tax | 848,000 | 1,853,000 | 2,905,000 | 3,773,000 |
| Net income | 3,138,000 | 6,863,000 | 10,916,000 | 14,367,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 96,503,000 | 97,540,000 | 100,999,000 | 101,671,000 |
| Total capital | 105,412,000 | 106,591,000 | 110,311,000 | 111,255,000 |
| Risk-weighted assets | 861,337,000 | 878,011,000 | 919,225,000 | 948,151,000 |