Call reports 2010
MERCHANTS BANK, THE — 2010
What MERCHANTS BANK, THE reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 1,421,677,000 | 1,393,959,000 | 1,484,903,000 | 1,490,871,000 |
| Total loans | 908,400,000 | 895,453,000 | 906,062,000 | 910,741,000 |
| Allowance for loan losses | 9,950,000 | 10,157,000 | 10,091,000 | 10,135,000 |
| Securities available for sale | 427,903,000 | 423,469,000 | 502,467,000 | 465,962,000 |
| Securities held to maturity | 1,045,000 | 955,000 | 865,000 | 794,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,037,088,000 | 1,037,878,000 | 1,072,503,000 | 1,092,912,000 |
| Interest-bearing deposits | 918,617,000 | 918,941,000 | 935,700,000 | 951,255,000 |
| Noninterest-bearing deposits | 118,471,000 | 118,937,000 | 136,803,000 | 141,657,000 |
| Equity capital | 111,722,000 | 116,182,000 | 117,994,000 | 117,439,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 15,427,000 | 31,054,000 | 46,410,000 | 60,992,000 |
| Interest expense | 2,676,000 | 5,193,000 | 7,637,000 | 9,924,000 |
| Net interest income | 12,751,000 | 25,861,000 | 38,773,000 | 51,068,000 |
| Noninterest income | 2,949,000 | 6,451,000 | 9,506,000 | 12,624,000 |
| Noninterest expense | 9,917,000 | 20,356,000 | 31,131,000 | 45,377,000 |
| Provision for loan losses | 866,000 | 879,000 | 397,000 | -1,642,000 |
| Pretax income | 5,546,000 | 12,209,000 | 18,479,000 | 21,870,000 |
| Income tax | 1,433,000 | 3,191,000 | 4,688,000 | 5,264,000 |
| Net income | 4,113,000 | 9,018,000 | 13,791,000 | 16,606,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 107,937,000 | 111,133,000 | 114,211,000 | 114,940,000 |
| Total capital | 118,067,000 | 121,214,000 | 124,249,000 | 124,922,000 |
| Risk-weighted assets | 810,112,000 | 805,959,000 | 802,433,000 | 797,819,000 |