Call reports 2003
MERCHANTS BANK, THE — 2003
What MERCHANTS BANK, THE reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 869,912,000 | 900,025,000 | 977,129,000 | 972,664,000 |
| Total loans | 515,385,000 | 539,930,000 | 564,696,000 | 568,748,000 |
| Allowance for loan losses | 8,480,000 | 7,887,000 | 7,937,000 | 7,954,000 |
| Securities available for sale | 230,106,000 | 256,215,000 | 284,696,000 | 304,857,000 |
| Securities held to maturity | 47,110,000 | 41,937,000 | 37,537,000 | 34,725,000 |
| Trading assets | 673,000 | 760,000 | 732,000 | 755,000 |
| Total deposits | 762,941,000 | 783,727,000 | 802,355,000 | 802,149,000 |
| Interest-bearing deposits | 668,607,000 | 683,255,000 | 693,070,000 | 691,758,000 |
| Noninterest-bearing deposits | 94,334,000 | 100,472,000 | 109,285,000 | 110,391,000 |
| Equity capital | 82,774,000 | 84,576,000 | 84,065,000 | 85,936,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 11,452,000 | 22,934,000 | 34,411,000 | 46,069,000 |
| Interest expense | 2,128,000 | 4,182,000 | 6,063,000 | 7,916,000 |
| Net interest income | 9,324,000 | 18,752,000 | 28,348,000 | 38,153,000 |
| Noninterest income | 2,005,000 | 4,314,000 | 6,494,000 | 8,798,000 |
| Noninterest expense | 7,837,000 | 15,893,000 | 24,171,000 | 32,283,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 3,709,000 | 8,016,000 | 12,084,000 | 16,088,000 |
| Income tax | 981,000 | 2,205,000 | 3,320,000 | 4,414,000 |
| Net income | 2,728,000 | 5,811,000 | 8,764,000 | 11,674,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 77,294,000 | 78,950,000 | 80,400,000 | 83,439,000 |
| Total capital | 84,327,000 | 86,507,000 | 88,337,000 | 91,393,000 |
| Risk-weighted assets | 561,191,000 | 604,191,000 | 656,255,000 | 648,050,000 |