Call reports 2008
MERCHANTS BANK — 2008
What MERCHANTS BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 204,175,000 | 199,509,000 | 192,587,000 | 193,212,000 |
| Total loans | 141,274,000 | 142,568,000 | 147,680,000 | 148,599,000 |
| Allowance for loan losses | 861,000 | 896,000 | 887,000 | 750,000 |
| Securities available for sale | 24,324,000 | 25,230,000 | 24,014,000 | 20,835,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 185,193,000 | 181,017,000 | 174,096,000 | 173,418,000 |
| Interest-bearing deposits | 169,987,000 | 165,606,000 | 158,835,000 | 159,473,000 |
| Noninterest-bearing deposits | 15,206,000 | 15,411,000 | 15,261,000 | 13,945,000 |
| Equity capital | 17,123,000 | 16,733,000 | 16,529,000 | 17,292,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 3,324,000 | 6,405,000 | 9,430,000 | 12,325,000 |
| Interest expense | 1,428,000 | 2,706,000 | 3,905,000 | 5,072,000 |
| Net interest income | 1,896,000 | 3,699,000 | 5,525,000 | 7,253,000 |
| Noninterest income | 407,000 | 794,000 | 1,188,000 | 1,582,000 |
| Noninterest expense | 1,473,000 | 3,241,000 | 4,798,000 | 6,200,000 |
| Provision for loan losses | 60,000 | 90,000 | 145,000 | 250,000 |
| Pretax income | 774,000 | 1,157,000 | 271,000 | 799,000 |
| Income tax | 24,000 | 52,000 | -16,000 | 13,000 |
| Net income | 750,000 | 1,105,000 | 287,000 | 786,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,480,000 | 16,533,000 | 16,227,000 | 16,618,000 |
| Total capital | 17,341,000 | 17,429,000 | 17,114,000 | 17,368,000 |
| Risk-weighted assets | 167,163,000 | 167,773,000 | 169,804,000 | 171,664,000 |