Call reports 2011
MERCHANTS BANK — 2011
What MERCHANTS BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 207,085,000 | 198,649,000 | 204,229,000 | 206,448,000 |
| Total loans | 127,278,000 | 127,073,000 | 124,703,000 | 124,009,000 |
| Allowance for loan losses | 1,648,000 | 1,658,000 | 1,742,000 | 1,220,000 |
| Securities available for sale | 44,964,000 | 43,688,000 | 48,868,000 | 45,425,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 187,369,000 | 177,749,000 | 182,366,000 | 184,534,000 |
| Interest-bearing deposits | 168,733,000 | 161,751,000 | 165,089,000 | 165,804,000 |
| Noninterest-bearing deposits | 18,636,000 | 15,998,000 | 17,277,000 | 18,730,000 |
| Equity capital | 18,363,000 | 19,286,000 | 19,939,000 | 19,971,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 2,519,000 | 5,170,000 | 7,828,000 | 10,323,000 |
| Interest expense | 655,000 | 1,237,000 | 1,799,000 | 2,338,000 |
| Net interest income | 1,864,000 | 3,933,000 | 6,029,000 | 7,985,000 |
| Noninterest income | 479,000 | 891,000 | 1,381,000 | 1,717,000 |
| Noninterest expense | 1,795,000 | 3,631,000 | 5,282,000 | 7,132,000 |
| Provision for loan losses | 210,000 | 305,000 | 460,000 | 807,000 |
| Pretax income | 338,000 | 889,000 | 1,691,000 | 1,821,000 |
| Income tax | 8,000 | 31,000 | 54,000 | 87,000 |
| Net income | 330,000 | 858,000 | 1,637,000 | 1,734,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,248,000 | 18,788,000 | 19,433,000 | 19,541,000 |
| Total capital | 19,896,000 | 20,446,000 | 21,064,000 | 20,761,000 |
| Risk-weighted assets | 136,785,000 | 134,039,000 | 130,356,000 | 130,121,000 |