Call reports 2014
MERCHANTS BANK — 2014
What MERCHANTS BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 206,484,000 | 205,458,000 | 201,941,000 | 203,383,000 |
| Total loans | 110,219,000 | 110,211,000 | 109,132,000 | 110,673,000 |
| Allowance for loan losses | 1,570,000 | 1,751,000 | 1,620,000 | 1,664,000 |
| Securities available for sale | 67,725,000 | 71,017,000 | 68,412,000 | 71,251,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 186,095,000 | 183,935,000 | 179,748,000 | 179,104,000 |
| Interest-bearing deposits | 160,470,000 | 158,134,000 | 155,348,000 | 153,544,000 |
| Noninterest-bearing deposits | 25,625,000 | 25,801,000 | 24,400,000 | 25,560,000 |
| Equity capital | 19,643,000 | 20,584,000 | 21,112,000 | 21,472,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 2,037,000 | 4,117,000 | 6,192,000 | 8,172,000 |
| Interest expense | 288,000 | 571,000 | 848,000 | 1,115,000 |
| Net interest income | 1,749,000 | 3,546,000 | 5,344,000 | 7,057,000 |
| Noninterest income | 357,000 | 697,000 | 1,072,000 | 1,558,000 |
| Noninterest expense | 1,677,000 | 3,381,000 | 4,996,000 | 6,755,000 |
| Provision for loan losses | 133,000 | 182,000 | 249,000 | 297,000 |
| Pretax income | 296,000 | 678,000 | 1,171,000 | 1,555,000 |
| Income tax | -3,000 | 0 | 4,000 | 91,000 |
| Net income | 299,000 | 678,000 | 1,167,000 | 1,464,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 20,774,000 | 21,154,000 | 21,643,000 | 21,854,000 |
| Total capital | 22,334,000 | 22,680,000 | 23,170,000 | 23,413,000 |
| Risk-weighted assets | 124,796,000 | 126,717,000 | 126,518,000 | 127,412,000 |