Call reports 2003
MERCHANTS BANK — 2003
What MERCHANTS BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 138,480,000 | 138,460,000 | 134,838,000 | 134,860,000 |
| Total loans | 83,369,000 | 86,665,000 | 88,321,000 | 89,614,000 |
| Allowance for loan losses | 578,000 | 622,000 | 613,000 | 620,000 |
| Securities available for sale | 37,594,000 | 34,979,000 | 29,357,000 | 26,869,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 123,063,000 | 122,789,000 | 119,253,000 | 118,930,000 |
| Interest-bearing deposits | 112,471,000 | 111,113,000 | 108,813,000 | 107,279,000 |
| Noninterest-bearing deposits | 10,592,000 | 11,676,000 | 10,440,000 | 11,651,000 |
| Equity capital | 14,158,000 | 14,527,000 | 14,616,000 | 14,652,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 1,970,000 | 3,984,000 | 6,000,000 | 8,055,000 |
| Interest expense | 663,000 | 1,293,000 | 1,854,000 | 2,377,000 |
| Net interest income | 1,307,000 | 2,691,000 | 4,146,000 | 5,678,000 |
| Noninterest income | 317,000 | 627,000 | 913,000 | 1,112,000 |
| Noninterest expense | 1,011,000 | 2,010,000 | 3,013,000 | 4,521,000 |
| Provision for loan losses | 45,000 | 90,000 | 135,000 | 180,000 |
| Pretax income | 568,000 | 1,218,000 | 1,961,000 | 2,139,000 |
| Income tax | 134,000 | 365,000 | 546,000 | 539,000 |
| Net income | 434,000 | 853,000 | 1,415,000 | 1,600,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,126,000 | 13,322,000 | 13,717,000 | 13,755,000 |
| Total capital | 13,704,000 | 13,944,000 | 14,330,000 | 14,375,000 |
| Risk-weighted assets | 104,500,000 | 107,088,000 | 106,795,000 | 107,752,000 |