Call reports 2006
MERCHANTS BANK, THE — 2006
What MERCHANTS BANK, THE reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 1,103,072,000 | 1,122,648,000 | 1,129,918,000 | 1,140,435,000 |
| Total loans | 621,143,000 | 649,765,000 | 679,272,000 | 688,680,000 |
| Allowance for loan losses | 6,637,000 | 6,688,000 | 6,857,000 | 6,911,000 |
| Securities available for sale | 403,245,000 | 386,755,000 | 371,519,000 | 333,958,000 |
| Securities held to maturity | 7,108,000 | 6,526,000 | 6,058,000 | 5,615,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 853,689,000 | 885,472,000 | 858,301,000 | 877,759,000 |
| Interest-bearing deposits | 740,891,000 | 766,209,000 | 739,290,000 | 755,161,000 |
| Noninterest-bearing deposits | 112,798,000 | 119,263,000 | 119,011,000 | 122,598,000 |
| Equity capital | 83,276,000 | 83,191,000 | 87,425,000 | 89,178,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 14,715,000 | 30,230,000 | 46,404,000 | 62,884,000 |
| Interest expense | 4,612,000 | 10,137,000 | 15,914,000 | 22,101,000 |
| Net interest income | 10,103,000 | 20,093,000 | 30,490,000 | 40,783,000 |
| Noninterest income | 2,445,000 | 5,077,000 | 7,616,000 | 10,083,000 |
| Noninterest expense | 8,560,000 | 17,282,000 | 25,938,000 | 34,509,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 3,988,000 | 7,888,000 | 11,716,000 | 15,893,000 |
| Income tax | 981,000 | 1,932,000 | 2,855,000 | 3,901,000 |
| Net income | 3,007,000 | 5,956,000 | 8,861,000 | 11,992,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 89,539,000 | 90,807,000 | 91,042,000 | 92,602,000 |
| Total capital | 96,176,000 | 97,984,000 | 98,266,000 | 99,884,000 |
| Risk-weighted assets | 708,032,000 | 727,765,000 | 742,631,000 | 743,419,000 |