Call reports 2004
MERCHANTS BANK, NATIONAL ASSOCIATION — 2004
What MERCHANTS BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 90,574,000 | 95,722,000 | 94,712,000 | 93,358,000 |
| Total loans | 61,226,000 | 64,154,000 | 65,426,000 | 64,545,000 |
| Allowance for loan losses | 829,000 | 890,000 | 966,000 | 1,001,000 |
| Securities available for sale | 14,123,000 | 12,750,000 | 12,506,000 | 12,051,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 71,152,000 | 75,994,000 | 72,924,000 | 73,737,000 |
| Interest-bearing deposits | 52,421,000 | 51,800,000 | 53,096,000 | 51,933,000 |
| Noninterest-bearing deposits | 18,731,000 | 24,193,000 | 19,828,000 | 21,804,000 |
| Equity capital | 12,223,000 | 12,219,000 | 12,725,000 | 13,855,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 1,099,000 | 2,175,000 | 3,719,000 | 4,973,000 |
| Interest expense | 154,000 | 312,000 | 484,000 | 687,000 |
| Net interest income | 945,000 | 1,863,000 | 3,235,000 | 4,286,000 |
| Noninterest income | 447,000 | 937,000 | 967,000 | 1,490,000 |
| Noninterest expense | 883,000 | 1,780,000 | 2,653,000 | 2,289,000 |
| Provision for loan losses | 45,000 | 105,000 | 180,000 | 225,000 |
| Pretax income | 620,000 | 1,078,000 | 1,532,000 | 3,425,000 |
| Income tax | 240,000 | 411,000 | 586,000 | 1,370,000 |
| Net income | 380,000 | 667,000 | 946,000 | 2,055,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,086,000 | 8,374,000 | 8,653,000 | 9,820,000 |
| Total capital | 8,915,000 | 9,264,000 | 9,553,000 | 10,710,000 |
| Risk-weighted assets | 67,661,000 | 71,232,000 | 71,893,000 | 71,047,000 |