Call reports 2009
MERCHANTS BANK, THE — 2009
What MERCHANTS BANK, THE reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 1,353,442,000 | 1,359,105,000 | 1,409,693,000 | 1,438,734,000 |
| Total loans | 891,968,000 | 895,551,000 | 928,760,000 | 917,963,000 |
| Allowance for loan losses | 9,446,000 | 10,605,000 | 11,177,000 | 10,976,000 |
| Securities available for sale | 397,474,000 | 372,876,000 | 353,842,000 | 407,652,000 |
| Securities held to maturity | 1,586,000 | 1,425,000 | 1,306,000 | 1,159,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 976,740,000 | 1,016,332,000 | 1,031,891,000 | 1,044,290,000 |
| Interest-bearing deposits | 873,270,000 | 902,903,000 | 908,092,000 | 924,308,000 |
| Noninterest-bearing deposits | 103,470,000 | 113,429,000 | 123,799,000 | 119,982,000 |
| Equity capital | 103,391,000 | 103,169,000 | 108,425,000 | 108,649,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 17,270,000 | 34,220,000 | 51,051,000 | 67,320,000 |
| Interest expense | 4,398,000 | 8,440,000 | 12,029,000 | 15,042,000 |
| Net interest income | 12,872,000 | 25,780,000 | 39,022,000 | 52,278,000 |
| Noninterest income | 2,756,000 | 5,797,000 | 8,809,000 | 11,767,000 |
| Noninterest expense | 10,267,000 | 21,525,000 | 32,259,000 | 43,570,000 |
| Provision for loan losses | 900,000 | 2,690,000 | 3,166,000 | 3,790,000 |
| Pretax income | 4,256,000 | 7,157,000 | 12,462,000 | 17,904,000 |
| Income tax | 1,075,000 | 1,618,000 | 2,942,000 | 4,349,000 |
| Net income | 3,181,000 | 5,539,000 | 9,520,000 | 13,555,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 98,035,000 | 98,712,000 | 103,490,000 | 105,526,000 |
| Total capital | 107,898,000 | 108,921,000 | 113,688,000 | 115,767,000 |
| Risk-weighted assets | 837,150,000 | 815,724,000 | 814,132,000 | 817,818,000 |