Call reports 2006
MERCHANTS BANK, NATIONAL ASSOCIATION — 2006
What MERCHANTS BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 95,993,000 | 97,382,000 | 107,563,000 | 109,006,000 |
| Total loans | 62,210,000 | 63,664,000 | 65,258,000 | 70,088,000 |
| Allowance for loan losses | 756,000 | 843,000 | 849,000 | 830,000 |
| Securities available for sale | 15,255,000 | 14,550,000 | 14,303,000 | 15,858,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 71,666,000 | 72,392,000 | 84,888,000 | 90,562,000 |
| Interest-bearing deposits | 54,475,000 | 54,847,000 | 66,338,000 | 73,729,000 |
| Noninterest-bearing deposits | 17,190,000 | 17,545,000 | 18,551,000 | 16,833,000 |
| Equity capital | 13,382,000 | 13,376,000 | 13,649,000 | 13,837,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 1,299,000 | 2,707,000 | 4,221,000 | 5,832,000 |
| Interest expense | 368,000 | 756,000 | 1,244,000 | 1,879,000 |
| Net interest income | 931,000 | 1,951,000 | 2,977,000 | 3,953,000 |
| Noninterest income | 268,000 | 576,000 | 848,000 | 1,122,000 |
| Noninterest expense | 962,000 | 1,979,000 | 3,033,000 | 4,061,000 |
| Provision for loan losses | 13,000 | 86,000 | 121,000 | 187,000 |
| Pretax income | 224,000 | 462,000 | 671,000 | 827,000 |
| Income tax | 70,000 | 144,000 | 207,000 | 260,000 |
| Net income | 154,000 | 318,000 | 464,000 | 567,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,509,000 | 9,674,000 | 9,819,000 | 9,937,000 |
| Total capital | 10,333,000 | 10,567,000 | 10,719,000 | 10,819,000 |
| Risk-weighted assets | 71,308,000 | 74,637,000 | 77,271,000 | 82,132,000 |