Call reports 2007
MERCHANTS BANK, THE — 2007
What MERCHANTS BANK, THE reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 1,144,944,000 | 1,114,192,000 | 1,120,430,000 | 1,175,342,000 |
| Total loans | 694,230,000 | 723,980,000 | 738,866,000 | 730,877,000 |
| Allowance for loan losses | 7,027,000 | 7,184,000 | 7,726,000 | 8,002,000 |
| Securities available for sale | 315,253,000 | 296,375,000 | 298,338,000 | 361,512,000 |
| Securities held to maturity | 5,193,000 | 4,763,000 | 4,395,000 | 4,078,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 891,939,000 | 873,471,000 | 868,094,000 | 867,624,000 |
| Interest-bearing deposits | 771,664,000 | 749,928,000 | 744,595,000 | 744,110,000 |
| Noninterest-bearing deposits | 120,275,000 | 123,543,000 | 123,499,000 | 123,514,000 |
| Equity capital | 89,653,000 | 89,295,000 | 90,722,000 | 94,510,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 16,282,000 | 32,489,000 | 48,722,000 | 65,564,000 |
| Interest expense | 6,245,000 | 12,369,000 | 18,554,000 | 25,191,000 |
| Net interest income | 10,037,000 | 20,120,000 | 30,168,000 | 40,373,000 |
| Noninterest income | 2,450,000 | 5,145,000 | 7,954,000 | 11,493,000 |
| Noninterest expense | 8,538,000 | 17,177,000 | 25,461,000 | 35,015,000 |
| Provision for loan losses | 73,000 | 223,000 | 923,000 | 1,173,000 |
| Pretax income | 3,839,000 | 7,828,000 | 11,641,000 | 15,581,000 |
| Income tax | 931,000 | 1,911,000 | 2,829,000 | 3,767,000 |
| Net income | 2,908,000 | 5,917,000 | 8,812,000 | 11,814,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 92,173,000 | 93,562,000 | 92,819,000 | 94,507,000 |
| Total capital | 99,498,000 | 101,044,000 | 100,843,000 | 102,857,000 |
| Risk-weighted assets | 741,934,000 | 749,643,000 | 754,785,000 | 752,539,000 |