Call reports 2002
MERCHANTS BANK, NATIONAL ASSOCIATION — 2002
What MERCHANTS BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 92,134,000 | 93,157,000 | 96,326,000 | 94,340,000 |
| Total loans | 59,413,000 | 59,419,000 | 59,825,000 | 54,538,000 |
| Allowance for loan losses | 892,000 | 890,000 | 943,000 | 843,000 |
| Securities available for sale | 13,773,000 | 13,437,000 | 13,064,000 | 11,593,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 77,304,000 | 78,495,000 | 79,344,000 | 76,391,000 |
| Interest-bearing deposits | 59,702,000 | 58,729,000 | 58,785,000 | 56,761,000 |
| Noninterest-bearing deposits | 17,602,000 | 19,766,000 | 20,559,000 | 19,630,000 |
| Equity capital | 11,997,000 | 12,487,000 | 12,930,000 | 13,207,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 1,485,000 | 2,922,000 | 4,325,000 | 5,685,000 |
| Interest expense | 339,000 | 632,000 | 895,000 | 1,124,000 |
| Net interest income | 1,146,000 | 2,290,000 | 3,430,000 | 4,561,000 |
| Noninterest income | 318,000 | 693,000 | 1,057,000 | 1,456,000 |
| Noninterest expense | 904,000 | 1,829,000 | 2,704,000 | 3,620,000 |
| Provision for loan losses | 60,000 | 120,000 | 180,000 | 292,000 |
| Pretax income | 500,000 | 1,034,000 | 1,603,000 | 2,105,000 |
| Income tax | 202,000 | 418,000 | 648,000 | 856,000 |
| Net income | 298,000 | 616,000 | 955,000 | 1,249,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,924,000 | 8,243,000 | 8,581,000 | 8,849,000 |
| Total capital | 8,659,000 | 8,981,000 | 9,338,000 | 9,558,000 |
| Risk-weighted assets | 58,495,000 | 58,775,000 | 60,231,000 | 56,457,000 |