Call reports 2016
MERCHANTS BANK — 2016
What MERCHANTS BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 209,856,000 | 211,047,000 | 207,856,000 | 208,832,000 |
| Total loans | 122,317,000 | 124,816,000 | 128,649,000 | 132,201,000 |
| Allowance for loan losses | 1,491,000 | 1,496,000 | 1,492,000 | 1,486,000 |
| Securities available for sale | 63,176,000 | 63,830,000 | 57,272,000 | 53,350,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 186,502,000 | 185,742,000 | 182,476,000 | 184,423,000 |
| Interest-bearing deposits | 155,787,000 | 153,608,000 | 155,117,000 | 154,921,000 |
| Noninterest-bearing deposits | 30,715,000 | 32,134,000 | 27,359,000 | 29,502,000 |
| Equity capital | 22,882,000 | 24,500,000 | 24,343,000 | 23,311,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 1,957,000 | 4,128,000 | 6,183,000 | 8,256,000 |
| Interest expense | 246,000 | 491,000 | 739,000 | 976,000 |
| Net interest income | 1,711,000 | 3,637,000 | 5,444,000 | 7,280,000 |
| Noninterest income | 412,000 | 1,030,000 | 1,376,000 | 1,781,000 |
| Noninterest expense | 1,754,000 | 3,570,000 | 5,376,000 | 7,124,000 |
| Provision for loan losses | 8,000 | -268,000 | -260,000 | -253,000 |
| Pretax income | 346,000 | 1,358,000 | 1,711,000 | 2,197,000 |
| Income tax | 45,000 | 75,000 | 91,000 | 140,000 |
| Net income | 301,000 | 1,283,000 | 1,620,000 | 2,057,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,741,000 | 23,721,000 | 23,959,000 | 24,296,000 |
| Total capital | 24,232,000 | 25,217,000 | 25,451,000 | 25,782,000 |
| Risk-weighted assets | 145,037,000 | 147,149,000 | 148,474,000 | 148,012,000 |