Call reports 2004
MERCHANTS BANK — 2004
What MERCHANTS BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 144,357,000 | 136,761,000 | 140,133,000 | 144,810,000 |
| Total loans | 96,291,000 | 97,671,000 | 99,116,000 | 102,089,000 |
| Allowance for loan losses | 656,000 | 641,000 | 684,000 | 596,000 |
| Securities available for sale | 27,466,000 | 25,332,000 | 24,100,000 | 23,674,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 128,222,000 | 120,039,000 | 123,735,000 | 128,294,000 |
| Interest-bearing deposits | 111,635,000 | 109,260,000 | 109,312,000 | 114,867,000 |
| Noninterest-bearing deposits | 16,587,000 | 10,779,000 | 14,423,000 | 13,427,000 |
| Equity capital | 15,135,000 | 14,901,000 | 15,503,000 | 15,453,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 2,029,000 | 4,145,000 | 6,238,000 | 8,389,000 |
| Interest expense | 514,000 | 1,030,000 | 1,561,000 | 2,116,000 |
| Net interest income | 1,515,000 | 3,115,000 | 4,677,000 | 6,273,000 |
| Noninterest income | 233,000 | 426,000 | 675,000 | 866,000 |
| Noninterest expense | 1,054,000 | 2,257,000 | 3,316,000 | 4,806,000 |
| Provision for loan losses | 36,000 | 72,000 | 108,000 | 144,000 |
| Pretax income | 658,000 | 1,204,000 | 1,940,000 | 2,228,000 |
| Income tax | 111,000 | 356,000 | 530,000 | 579,000 |
| Net income | 547,000 | 848,000 | 1,410,000 | 1,649,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,197,000 | 14,372,000 | 14,752,000 | 14,843,000 |
| Total capital | 14,853,000 | 15,013,000 | 15,436,000 | 15,439,000 |
| Risk-weighted assets | 115,605,000 | 115,113,000 | 116,770,000 | 120,310,000 |