Call reports 2007
MERCHANTS BANK — 2007
What MERCHANTS BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 174,752,000 | 174,897,000 | 188,173,000 | 186,522,000 |
| Total loans | 115,819,000 | 122,680,000 | 132,614,000 | 138,635,000 |
| Allowance for loan losses | 737,000 | 774,000 | 848,000 | 867,000 |
| Securities available for sale | 25,618,000 | 27,557,000 | 27,436,000 | 26,811,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 156,562,000 | 157,142,000 | 169,847,000 | 167,835,000 |
| Interest-bearing deposits | 141,895,000 | 142,189,000 | 154,557,000 | 152,624,000 |
| Noninterest-bearing deposits | 14,667,000 | 14,953,000 | 15,290,000 | 15,212,000 |
| Equity capital | 16,429,000 | 16,422,000 | 17,037,000 | 16,850,000 |
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 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 2,832,000 | 5,871,000 | 9,175,000 | 12,546,000 |
| Interest expense | 1,161,000 | 2,408,000 | 3,815,000 | 5,289,000 |
| Net interest income | 1,671,000 | 3,463,000 | 5,360,000 | 7,257,000 |
| Noninterest income | 339,000 | 657,000 | 969,000 | 1,321,000 |
| Noninterest expense | 1,119,000 | 2,602,000 | 3,891,000 | 5,865,000 |
| Provision for loan losses | 45,000 | 90,000 | 185,000 | 250,000 |
| Pretax income | 846,000 | 1,431,000 | 2,256,000 | 2,475,000 |
| Income tax | 22,000 | 26,000 | 75,000 | 126,000 |
| Net income | 824,000 | 1,405,000 | 2,181,000 | 2,349,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,188,000 | 16,388,000 | 16,814,000 | 16,456,000 |
| Total capital | 16,925,000 | 17,162,000 | 17,662,000 | 17,323,000 |
| Risk-weighted assets | 140,082,000 | 146,283,000 | 158,799,000 | 162,083,000 |