Call reports 2015
MERCHANTS BANK, THE — 2015
What MERCHANTS BANK, THE reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 1,698,982,000 | 1,679,937,000 | 1,822,385,000 | 2,025,018,000 |
| Total loans | 1,200,118,000 | 1,203,615,000 | 1,257,913,000 | 1,414,235,000 |
| Allowance for loan losses | 11,990,000 | 12,162,000 | 12,210,000 | 12,040,000 |
| Securities available for sale | 248,987,000 | 259,379,000 | 282,083,000 | 283,454,000 |
| Securities held to maturity | 134,245,000 | 129,425,000 | 123,929,000 | 119,674,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,330,326,000 | 1,346,910,000 | 1,387,572,000 | 1,551,592,000 |
| Interest-bearing deposits | 746,543,000 | 774,665,000 | 811,990,000 | 920,211,000 |
| Noninterest-bearing deposits | 583,783,000 | 572,245,000 | 575,582,000 | 631,381,000 |
| Equity capital | 146,759,000 | 147,611,000 | 151,030,000 | 166,565,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 12,783,000 | 25,697,000 | 38,819,000 | 52,586,000 |
| Interest expense | 868,000 | 1,708,000 | 2,487,000 | 3,305,000 |
| Net interest income | 11,915,000 | 23,989,000 | 36,332,000 | 49,281,000 |
| Noninterest income | 3,073,000 | 6,313,000 | 10,284,000 | 11,990,000 |
| Noninterest expense | 10,146,000 | 20,891,000 | 31,749,000 | 42,506,000 |
| Provision for loan losses | 232,000 | 353,000 | 443,000 | 316,000 |
| Pretax income | 4,610,000 | 9,058,000 | 14,424,000 | 18,449,000 |
| Income tax | 1,018,000 | 2,005,000 | 3,134,000 | 4,111,000 |
| Net income | 3,592,000 | 7,053,000 | 11,290,000 | 14,338,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 150,097,000 | 151,817,000 | 153,812,000 | 164,446,000 |
| Total capital | 162,230,000 | 164,350,000 | 166,306,000 | 177,401,000 |
| Risk-weighted assets | 970,042,000 | 1,002,320,000 | 999,004,000 | 1,139,196,000 |