Call reports 2002
MERCHANTS BANK, THE — 2002
What MERCHANTS BANK, THE reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 816,582,000 | 821,031,000 | 842,828,000 | 856,862,000 |
| Total loans | 471,940,000 | 473,884,000 | 488,405,000 | 495,320,000 |
| Allowance for loan losses | 8,812,000 | 8,795,000 | 8,679,000 | 8,497,000 |
| Securities available for sale | 188,264,000 | 211,116,000 | 219,821,000 | 217,754,000 |
| Securities held to maturity | 64,653,000 | 61,435,000 | 58,263,000 | 51,615,000 |
| Trading assets | 936,000 | 859,000 | 796,000 | 845,000 |
| Total deposits | 718,715,000 | 722,800,000 | 738,934,000 | 750,349,000 |
| Interest-bearing deposits | 622,653,000 | 632,101,000 | 640,646,000 | 647,691,000 |
| Noninterest-bearing deposits | 96,062,000 | 90,699,000 | 98,288,000 | 102,658,000 |
| Equity capital | 75,022,000 | 79,234,000 | 83,682,000 | 81,429,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 12,208,000 | 24,439,000 | 36,690,000 | 48,737,000 |
| Interest expense | 3,066,000 | 5,900,000 | 8,625,000 | 11,013,000 |
| Net interest income | 9,142,000 | 18,539,000 | 28,065,000 | 37,724,000 |
| Noninterest income | 1,942,000 | 3,835,000 | 6,921,000 | 9,174,000 |
| Noninterest expense | 7,300,000 | 14,520,000 | 22,512,000 | 30,801,000 |
| Provision for loan losses | -433,000 | -614,000 | -705,000 | -945,000 |
| Pretax income | 4,217,000 | 8,468,000 | 13,352,000 | 17,652,000 |
| Income tax | 1,143,000 | 2,316,000 | 3,705,000 | 4,868,000 |
| Net income | 3,074,000 | 6,152,000 | 9,647,000 | 12,784,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 73,076,000 | 74,837,000 | 77,011,000 | 78,832,000 |
| Total capital | 79,307,000 | 81,089,000 | 83,398,000 | 85,477,000 |
| Risk-weighted assets | 495,880,000 | 497,593,000 | 508,664,000 | 529,750,000 |