Call reports 2005
MERCHANTS BANK, NATIONAL ASSOCIATION — 2005
What MERCHANTS BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Total assets | 95,290,000 | 103,212,000 | 102,969,000 | 98,827,000 |
| Total loans | 64,305,000 | 64,193,000 | 62,388,000 | 63,352,000 |
| Allowance for loan losses | 978,000 | 973,000 | 962,000 | 798,000 |
| Securities available for sale | 11,445,000 | 10,990,000 | 16,333,000 | 15,698,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 75,339,000 | 81,510,000 | 83,271,000 | 80,208,000 |
| Interest-bearing deposits | 56,178,000 | 59,467,000 | 59,238,000 | 58,154,000 |
| Noninterest-bearing deposits | 19,160,000 | 22,043,000 | 24,033,000 | 22,054,000 |
| Equity capital | 13,993,000 | 14,215,000 | 14,482,000 | 13,247,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Interest income | 1,195,000 | 2,481,000 | 3,800,000 | 5,323,000 |
| Interest expense | 178,000 | 453,000 | 699,000 | 1,007,000 |
| Net interest income | 1,017,000 | 2,028,000 | 3,101,000 | 4,316,000 |
| Noninterest income | 367,000 | 641,000 | 969,000 | 1,272,000 |
| Noninterest expense | 959,000 | 1,984,000 | 2,901,000 | 3,847,000 |
| Provision for loan losses | 45,000 | 75,000 | 75,000 | 25,000 |
| Pretax income | 380,000 | 610,000 | 1,094,000 | 1,716,000 |
| Income tax | 142,000 | 221,000 | 399,000 | 636,000 |
| Net income | 238,000 | 389,000 | 695,000 | 1,080,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,058,000 | 10,209,000 | 10,515,000 | 9,355,000 |
| Total capital | 10,960,000 | 11,123,000 | 11,404,000 | 10,190,000 |
| Risk-weighted assets | 72,002,000 | 72,950,000 | 70,984,000 | 72,477,000 |