Call reports 2014
MERCHANTS BANK, THE — 2014
What MERCHANTS BANK, THE reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 1,665,929,000 | 1,612,992,000 | 1,651,841,000 | 1,727,908,000 |
| Total loans | 1,171,677,000 | 1,126,493,000 | 1,156,631,000 | 1,182,302,000 |
| Allowance for loan losses | 12,174,000 | 12,040,000 | 12,019,000 | 11,833,000 |
| Securities available for sale | 214,956,000 | 188,593,000 | 186,049,000 | 203,473,000 |
| Securities held to maturity | 150,382,000 | 146,848,000 | 142,110,000 | 138,421,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,327,306,000 | 1,311,672,000 | 1,304,965,000 | 1,309,569,000 |
| Interest-bearing deposits | 1,055,332,000 | 1,025,119,000 | 760,260,000 | 742,825,000 |
| Noninterest-bearing deposits | 271,974,000 | 286,553,000 | 544,705,000 | 566,744,000 |
| Equity capital | 139,937,000 | 142,889,000 | 143,756,000 | 143,930,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 13,187,000 | 26,212,000 | 39,000,000 | 51,811,000 |
| Interest expense | 1,006,000 | 2,042,000 | 2,918,000 | 3,775,000 |
| Net interest income | 12,181,000 | 24,170,000 | 36,082,000 | 48,036,000 |
| Noninterest income | 3,386,000 | 6,942,000 | 10,512,000 | 13,758,000 |
| Noninterest expense | 10,774,000 | 21,621,000 | 33,072,000 | 45,014,000 |
| Provision for loan losses | 131,000 | 70,000 | 97,000 | -45,000 |
| Pretax income | 4,788,000 | 9,564,000 | 13,532,000 | 16,932,000 |
| Income tax | 1,185,000 | 2,314,000 | 3,269,000 | 3,990,000 |
| Net income | 3,603,000 | 7,250,000 | 10,263,000 | 12,942,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 141,147,000 | 143,180,000 | 144,593,000 | 145,823,000 |
| Total capital | 153,105,000 | 155,012,000 | 156,138,000 | 157,704,000 |
| Risk-weighted assets | 955,684,000 | 945,447,000 | 922,310,000 | 949,566,000 |