Call reports 2013
MERCHANTS BANK — 2013
What MERCHANTS BANK reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 209,932,000 | 203,173,000 | 206,919,000 | 204,842,000 |
| Total loans | 111,695,000 | 108,735,000 | 111,702,000 | 112,968,000 |
| Allowance for loan losses | 1,806,000 | 1,494,000 | 1,528,000 | 1,406,000 |
| Securities available for sale | 62,773,000 | 67,402,000 | 69,334,000 | 65,138,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 189,440,000 | 183,745,000 | 186,500,000 | 184,531,000 |
| Interest-bearing deposits | 169,023,000 | 163,059,000 | 163,073,000 | 159,169,000 |
| Noninterest-bearing deposits | 20,417,000 | 20,686,000 | 23,427,000 | 25,362,000 |
| Equity capital | 19,723,000 | 18,477,000 | 19,074,000 | 19,064,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 2,185,000 | 4,271,000 | 6,360,000 | 8,515,000 |
| Interest expense | 326,000 | 644,000 | 952,000 | 1,250,000 |
| Net interest income | 1,859,000 | 3,627,000 | 5,408,000 | 7,265,000 |
| Noninterest income | 409,000 | 826,000 | 1,248,000 | 1,704,000 |
| Noninterest expense | 1,802,000 | 3,540,000 | 5,128,000 | 6,986,000 |
| Provision for loan losses | 231,000 | 338,000 | 540,000 | 738,000 |
| Pretax income | 293,000 | 633,000 | 1,046,000 | 1,296,000 |
| Income tax | 83,000 | 78,000 | 99,000 | 81,000 |
| Net income | 210,000 | 555,000 | 947,000 | 1,215,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 19,737,000 | 19,969,000 | 20,362,000 | 20,630,000 |
| Total capital | 21,237,000 | 21,463,000 | 21,890,000 | 22,036,000 |
| Risk-weighted assets | 119,659,000 | 120,142,000 | 122,704,000 | 123,517,000 |