Call reports 2018
MERCHANTS BANK — 2018
What MERCHANTS BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 217,339,000 | 217,882,000 | 221,519,000 | 219,411,000 |
| Total loans | 144,944,000 | 147,953,000 | 152,132,000 | 152,880,000 |
| Allowance for loan losses | 1,510,000 | 1,603,000 | 1,541,000 | 1,508,000 |
| Securities available for sale | 46,366,000 | 44,521,000 | 42,484,000 | 41,321,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 192,930,000 | 192,444,000 | 195,519,000 | 192,625,000 |
| Interest-bearing deposits | 157,516,000 | 158,438,000 | 159,564,000 | 158,873,000 |
| Noninterest-bearing deposits | 35,414,000 | 34,006,000 | 35,955,000 | 33,752,000 |
| Equity capital | 24,069,000 | 24,803,000 | 25,102,000 | 25,795,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 2,214,000 | 4,501,000 | 6,862,000 | 9,298,000 |
| Interest expense | 252,000 | 511,000 | 793,000 | 1,087,000 |
| Net interest income | 1,962,000 | 3,990,000 | 6,069,000 | 8,211,000 |
| Noninterest income | 381,000 | 905,000 | 1,324,000 | 1,720,000 |
| Noninterest expense | 1,861,000 | 3,585,000 | 5,480,000 | 7,677,000 |
| Provision for loan losses | 11,000 | 21,000 | 32,000 | 29,000 |
| Pretax income | 471,000 | 1,289,000 | 1,881,000 | 2,225,000 |
| Income tax | 25,000 | 57,000 | 100,000 | 146,000 |
| Net income | 446,000 | 1,232,000 | 1,781,000 | 2,079,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 25,287,000 | 26,074,000 | 26,522,000 | 26,820,000 |
| Total capital | 26,797,000 | 27,677,000 | 28,063,000 | 28,328,000 |
| Risk-weighted assets | 158,390,000 | 161,119,000 | 164,689,000 | 166,409,000 |