Call reports 2003
MERCHANTS BANK, NATIONAL ASSOCIATION — 2003
What MERCHANTS BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 94,052,000 | 93,623,000 | 91,699,000 | 92,854,000 |
| Total loans | 53,414,000 | 57,941,000 | 55,369,000 | 56,296,000 |
| Allowance for loan losses | 905,000 | 857,000 | 887,000 | 936,000 |
| Securities available for sale | 14,365,000 | 13,854,000 | 19,187,000 | 19,121,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 76,965,000 | 75,348,000 | 73,274,000 | 74,359,000 |
| Interest-bearing deposits | 55,139,000 | 54,210,000 | 52,737,000 | 51,976,000 |
| Noninterest-bearing deposits | 21,826,000 | 21,137,000 | 20,537,000 | 22,384,000 |
| Equity capital | 13,336,000 | 13,622,000 | 12,557,000 | 11,880,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 1,270,000 | 2,581,000 | 3,856,000 | 5,048,000 |
| Interest expense | 217,000 | 415,000 | 588,000 | 745,000 |
| Net interest income | 1,053,000 | 2,166,000 | 3,268,000 | 4,303,000 |
| Noninterest income | 321,000 | 682,000 | 1,087,000 | 1,348,000 |
| Noninterest expense | 912,000 | 1,790,000 | 2,709,000 | 5,197,000 |
| Provision for loan losses | 60,000 | 127,000 | 189,000 | 299,000 |
| Pretax income | 402,000 | 931,000 | 1,457,000 | 155,000 |
| Income tax | 162,000 | 376,000 | 585,000 | 66,000 |
| Net income | 240,000 | 555,000 | 872,000 | 89,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,088,000 | 9,404,000 | 8,470,000 | 7,709,000 |
| Total capital | 9,791,000 | 10,158,000 | 9,239,000 | 8,520,000 |
| Risk-weighted assets | 56,000,000 | 60,117,000 | 61,328,000 | 64,651,000 |