Call reports 2011
MERCHANTS BANK, THE — 2011
What MERCHANTS BANK, THE reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 1,494,038,000 | 1,433,796,000 | 1,564,022,000 | 1,615,145,000 |
| Total loans | 921,971,000 | 943,257,000 | 1,008,000,000 | 1,027,599,000 |
| Allowance for loan losses | 10,232,000 | 10,438,000 | 10,480,000 | 10,619,000 |
| Securities available for sale | 476,328,000 | 404,879,000 | 417,940,000 | 511,751,000 |
| Securities held to maturity | 702,000 | 651,000 | 603,000 | 558,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,099,691,000 | 1,104,101,000 | 1,166,835,000 | 1,179,367,000 |
| Interest-bearing deposits | 963,690,000 | 942,760,000 | 985,817,000 | 981,618,000 |
| Noninterest-bearing deposits | 136,001,000 | 161,341,000 | 181,018,000 | 197,749,000 |
| Equity capital | 118,362,000 | 122,491,000 | 125,711,000 | 126,991,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 14,208,000 | 29,097,000 | 44,179,000 | 58,791,000 |
| Interest expense | 2,007,000 | 3,925,000 | 5,748,000 | 7,456,000 |
| Net interest income | 12,201,000 | 25,172,000 | 38,431,000 | 51,335,000 |
| Noninterest income | 2,998,000 | 6,214,000 | 9,504,000 | 12,867,000 |
| Noninterest expense | 10,930,000 | 21,866,000 | 33,937,000 | 45,030,000 |
| Provision for loan losses | 95,000 | 405,000 | 510,000 | 635,000 |
| Pretax income | 4,164,000 | 9,242,000 | 14,535,000 | 19,531,000 |
| Income tax | 782,000 | 1,917,000 | 2,748,000 | 3,747,000 |
| Net income | 3,382,000 | 7,325,000 | 11,787,000 | 15,784,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 116,119,000 | 118,371,000 | 120,892,000 | 122,945,000 |
| Total capital | 126,261,000 | 128,823,000 | 131,627,000 | 133,802,000 |
| Risk-weighted assets | 810,774,000 | 835,717,000 | 858,479,000 | 868,072,000 |