Call reports 2010
MERCHANTS BANK — 2010
What MERCHANTS BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 203,984,000 | 208,185,000 | 205,824,000 | 210,332,000 |
| Total loans | 137,338,000 | 136,690,000 | 134,774,000 | 131,036,000 |
| Allowance for loan losses | 911,000 | 857,000 | 1,463,000 | 1,471,000 |
| Securities available for sale | 20,708,000 | 37,579,000 | 35,136,000 | 36,752,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 183,703,000 | 187,245,000 | 185,300,000 | 190,095,000 |
| Interest-bearing deposits | 167,035,000 | 171,735,000 | 168,913,000 | 173,441,000 |
| Noninterest-bearing deposits | 16,668,000 | 15,510,000 | 16,387,000 | 16,654,000 |
| Equity capital | 18,332,000 | 18,760,000 | 18,174,000 | 18,012,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 2,465,000 | 5,071,000 | 7,715,000 | 10,324,000 |
| Interest expense | 756,000 | 1,517,000 | 2,277,000 | 3,001,000 |
| Net interest income | 1,709,000 | 3,554,000 | 5,438,000 | 7,323,000 |
| Noninterest income | 451,000 | 1,043,000 | 1,619,000 | 2,077,000 |
| Noninterest expense | 1,728,000 | 3,340,000 | 5,072,000 | 6,826,000 |
| Provision for loan losses | 150,000 | 300,000 | 1,208,000 | 1,655,000 |
| Pretax income | 272,000 | 947,000 | 818,000 | 1,178,000 |
| Income tax | 8,000 | 16,000 | 24,000 | 50,000 |
| Net income | 264,000 | 931,000 | 794,000 | 1,128,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 17,825,000 | 18,103,000 | 17,562,000 | 17,909,000 |
| Total capital | 18,736,000 | 18,960,000 | 19,025,000 | 19,380,000 |
| Risk-weighted assets | 163,228,000 | 161,908,000 | 142,476,000 | 139,897,000 |