Call reports 2008
MERCHANTS BANK, THE — 2008
What MERCHANTS BANK, THE reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 1,275,990,000 | 1,297,071,000 | 1,322,095,000 | 1,345,842,000 |
| Total loans | 752,287,000 | 773,932,000 | 814,397,000 | 846,951,000 |
| Allowance for loan losses | 8,312,000 | 8,439,000 | 8,367,000 | 8,894,000 |
| Securities available for sale | 445,195,000 | 441,834,000 | 436,021,000 | 429,873,000 |
| Securities held to maturity | 3,759,000 | 3,445,000 | 3,174,000 | 1,737,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 904,949,000 | 946,264,000 | 949,993,000 | 931,360,000 |
| Interest-bearing deposits | 788,316,000 | 826,696,000 | 822,277,000 | 813,514,000 |
| Noninterest-bearing deposits | 116,633,000 | 119,568,000 | 127,716,000 | 117,846,000 |
| Equity capital | 96,710,000 | 92,615,000 | 95,932,000 | 98,718,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 16,705,000 | 33,964,000 | 51,824,000 | 69,721,000 |
| Interest expense | 6,516,000 | 12,674,000 | 18,570,000 | 23,749,000 |
| Net interest income | 10,189,000 | 21,290,000 | 33,254,000 | 45,972,000 |
| Noninterest income | 2,807,000 | 5,762,000 | 8,705,000 | 11,510,000 |
| Noninterest expense | 8,884,000 | 18,608,000 | 28,197,000 | 38,380,000 |
| Provision for loan losses | 300,000 | 372,000 | 947,000 | 1,456,000 |
| Pretax income | 3,894,000 | 8,154,000 | 12,897,000 | 17,359,000 |
| Income tax | 947,000 | 2,016,000 | 3,192,000 | 4,341,000 |
| Net income | 2,947,000 | 6,138,000 | 9,705,000 | 13,018,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 95,078,000 | 95,654,000 | 97,063,000 | 96,505,000 |
| Total capital | 103,738,000 | 104,419,000 | 105,756,000 | 105,816,000 |
| Risk-weighted assets | 775,821,000 | 777,008,000 | 807,070,000 | 821,275,000 |