Call reports 2002
MERCHANTS BANK — 2002
What MERCHANTS BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 129,957,000 | 131,086,000 | 131,252,000 | 137,900,000 |
| Total loans | 73,018,000 | 77,186,000 | 78,739,000 | 81,709,000 |
| Allowance for loan losses | 399,000 | 438,000 | 480,000 | 532,000 |
| Securities available for sale | 41,824,000 | 41,118,000 | 39,026,000 | 37,224,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 115,959,000 | 116,337,000 | 116,371,000 | 122,555,000 |
| Interest-bearing deposits | 107,238,000 | 107,359,000 | 106,983,000 | 112,368,000 |
| Noninterest-bearing deposits | 8,721,000 | 8,978,000 | 9,388,000 | 10,187,000 |
| Equity capital | 12,438,000 | 13,155,000 | 13,632,000 | 13,926,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 2,018,000 | 4,104,000 | 6,222,000 | 8,357,000 |
| Interest expense | 835,000 | 1,611,000 | 2,367,000 | 3,084,000 |
| Net interest income | 1,183,000 | 2,493,000 | 3,855,000 | 5,273,000 |
| Noninterest income | 287,000 | 566,000 | 882,000 | 1,123,000 |
| Noninterest expense | 1,018,000 | 2,042,000 | 3,030,000 | 4,287,000 |
| Provision for loan losses | 60,000 | 120,000 | 180,000 | 240,000 |
| Pretax income | 395,000 | 900,000 | 1,533,000 | 1,875,000 |
| Income tax | 80,000 | 184,000 | 394,000 | 485,000 |
| Net income | 315,000 | 716,000 | 1,139,000 | 1,390,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,950,000 | 12,243,000 | 12,589,000 | 12,838,000 |
| Total capital | 12,349,000 | 12,681,000 | 13,069,000 | 13,370,000 |
| Risk-weighted assets | 94,086,000 | 96,994,000 | 83,836,000 | 102,354,000 |