Call reports 2017
MERCHANTS BANK — 2017
What MERCHANTS BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 212,393,000 | 212,846,000 | 215,383,000 | 216,851,000 |
| Total loans | 134,888,000 | 135,670,000 | 140,139,000 | 144,531,000 |
| Allowance for loan losses | 1,490,000 | 1,580,000 | 1,570,000 | 1,525,000 |
| Securities available for sale | 51,667,000 | 52,922,000 | 47,213,000 | 48,801,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 188,772,000 | 187,202,000 | 189,875,000 | 189,092,000 |
| Interest-bearing deposits | 155,117,000 | 154,179,000 | 155,240,000 | 155,421,000 |
| Noninterest-bearing deposits | 33,655,000 | 33,023,000 | 34,635,000 | 33,671,000 |
| Equity capital | 23,218,000 | 24,351,000 | 24,601,000 | 24,575,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 2,035,000 | 4,163,000 | 6,327,000 | 8,528,000 |
| Interest expense | 234,000 | 471,000 | 715,000 | 959,000 |
| Net interest income | 1,801,000 | 3,692,000 | 5,612,000 | 7,569,000 |
| Noninterest income | 403,000 | 782,000 | 1,193,000 | 1,497,000 |
| Noninterest expense | 1,847,000 | 3,544,000 | 5,358,000 | 7,185,000 |
| Provision for loan losses | 7,000 | 15,000 | 23,000 | 33,000 |
| Pretax income | 356,000 | 921,000 | 1,374,000 | 1,859,000 |
| Income tax | 61,000 | 79,000 | 98,000 | 112,000 |
| Net income | 295,000 | 842,000 | 1,276,000 | 1,747,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,951,000 | 24,498,000 | 24,831,000 | 25,202,000 |
| Total capital | 25,441,000 | 26,078,000 | 26,401,000 | 26,727,000 |
| Risk-weighted assets | 149,091,000 | 150,788,000 | 154,176,000 | 158,697,000 |