Call reports 2007
MERCHANTS BANK, NATIONAL ASSOCIATION — 2007
What MERCHANTS BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 |
|---|---|---|
| Total assets | 105,433,000 | 104,984,000 |
| Total loans | 75,660,000 | 69,432,000 |
| Allowance for loan losses | 906,000 | 1,001,000 |
| Securities available for sale | 15,493,000 | 14,700,000 |
| Securities held to maturity | 0 | 0 |
| Trading assets | 0 | 0 |
| Total deposits | 84,860,000 | 86,803,000 |
| Interest-bearing deposits | 69,844,000 | 70,436,000 |
| Noninterest-bearing deposits | 15,016,000 | 16,367,000 |
| Equity capital | 13,968,000 | 13,517,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 |
|---|---|---|
| Interest income | 1,601,000 | 3,188,000 |
| Interest expense | 646,000 | 1,316,000 |
| Net interest income | 955,000 | 1,872,000 |
| Noninterest income | 248,000 | 496,000 |
| Noninterest expense | 1,018,000 | 2,066,000 |
| Provision for loan losses | 44,000 | 599,000 |
| Pretax income | 141,000 | -297,000 |
| Income tax | 38,000 | -159,000 |
| Net income | 103,000 | -138,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 |
|---|---|---|
| Tier 1 capital | 10,040,000 | 9,800,000 |
| Total capital | 11,002,000 | 10,845,000 |
| Risk-weighted assets | 84,264,000 | 83,538,000 |