Call reports 2013
MERCHANTS BANK, THE — 2013
What MERCHANTS BANK, THE reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 1,696,280,000 | 1,631,000,000 | 1,678,585,000 | 1,735,215,000 |
| Total loans | 1,101,678,000 | 1,111,250,000 | 1,172,786,000 | 1,171,614,000 |
| Allowance for loan losses | 11,796,000 | 11,890,000 | 12,199,000 | 12,042,000 |
| Securities available for sale | 507,994,000 | 428,068,000 | 269,677,000 | 252,513,000 |
| Securities held to maturity | 365,000 | 325,000 | 136,017,000 | 140,826,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,272,579,000 | 1,315,260,000 | 1,332,608,000 | 1,324,967,000 |
| Interest-bearing deposits | 1,046,668,000 | 1,072,812,000 | 1,064,826,000 | 1,058,441,000 |
| Noninterest-bearing deposits | 225,911,000 | 242,448,000 | 267,782,000 | 266,526,000 |
| Equity capital | 135,455,000 | 130,963,000 | 134,606,000 | 137,221,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 13,755,000 | 27,544,000 | 41,091,000 | 54,662,000 |
| Interest expense | 1,116,000 | 2,234,000 | 3,279,000 | 4,316,000 |
| Net interest income | 12,639,000 | 25,310,000 | 37,812,000 | 50,346,000 |
| Noninterest income | 3,152,000 | 6,485,000 | 9,890,000 | 14,131,000 |
| Noninterest expense | 10,574,000 | 20,958,000 | 31,551,000 | 43,090,000 |
| Provision for loan losses | 208,000 | 382,000 | 758,000 | 763,000 |
| Pretax income | 5,009,000 | 10,442,000 | 15,381,000 | 20,446,000 |
| Income tax | 1,151,000 | 2,328,000 | 3,397,000 | 4,446,000 |
| Net income | 3,858,000 | 8,114,000 | 11,984,000 | 16,000,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 133,747,000 | 136,045,000 | 136,933,000 | 139,144,000 |
| Total capital | 145,451,000 | 147,721,000 | 148,767,000 | 151,176,000 |
| Risk-weighted assets | 935,451,000 | 933,130,000 | 945,602,000 | 961,754,000 |