Call reports 2004
MERCHANTS BANK, THE — 2004
What MERCHANTS BANK, THE reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 962,880,000 | 1,036,181,000 | 1,050,211,000 | 1,034,126,000 |
| Total loans | 573,821,000 | 588,715,000 | 592,625,000 | 584,070,000 |
| Allowance for loan losses | 7,962,000 | 7,999,000 | 7,861,000 | 7,512,000 |
| Securities available for sale | 298,681,000 | 350,195,000 | 363,414,000 | 357,015,000 |
| Securities held to maturity | 28,314,000 | 26,788,000 | 20,603,000 | 19,532,000 |
| Trading assets | 593,000 | 581,000 | 581,000 | 0 |
| Total deposits | 796,243,000 | 818,040,000 | 830,446,000 | 835,390,000 |
| Interest-bearing deposits | 689,776,000 | 703,093,000 | 712,130,000 | 716,212,000 |
| Noninterest-bearing deposits | 106,467,000 | 114,947,000 | 118,316,000 | 119,178,000 |
| Equity capital | 89,144,000 | 85,905,000 | 89,805,000 | 82,368,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 11,776,000 | 23,441,000 | 35,635,000 | 48,124,000 |
| Interest expense | 1,854,000 | 3,643,000 | 5,691,000 | 7,806,000 |
| Net interest income | 9,922,000 | 19,798,000 | 29,944,000 | 40,318,000 |
| Noninterest income | 2,224,000 | 4,669,000 | 7,096,000 | 9,518,000 |
| Noninterest expense | 8,406,000 | 16,818,000 | 25,206,000 | 33,659,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 3,803,000 | 7,645,000 | 11,830,000 | 16,225,000 |
| Income tax | 948,000 | 1,912,000 | 2,997,000 | 4,140,000 |
| Net income | 2,855,000 | 5,733,000 | 8,833,000 | 12,085,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 84,775,000 | 86,102,000 | 87,701,000 | 81,368,000 |
| Total capital | 92,633,000 | 94,101,000 | 95,562,000 | 88,880,000 |
| Risk-weighted assets | 628,544,000 | 669,874,000 | 680,972,000 | 671,944,000 |