Call reports 2016
MERCHANTS BANK, THE — 2016
What MERCHANTS BANK, THE reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 1,966,684,000 | 1,901,953,000 | 1,999,281,000 | 2,071,751,000 |
| Total loans | 1,421,570,000 | 1,395,361,000 | 1,477,270,000 | 1,514,192,000 |
| Allowance for loan losses | 12,173,000 | 12,420,000 | 12,540,000 | 12,659,000 |
| Securities available for sale | 294,048,000 | 280,079,000 | 298,973,000 | 334,000,000 |
| Securities held to maturity | 115,392,000 | 111,070,000 | 90,672,000 | 85,694,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,526,945,000 | 1,453,427,000 | 1,504,266,000 | 1,529,895,000 |
| Interest-bearing deposits | 906,619,000 | 847,156,000 | 871,098,000 | 888,544,000 |
| Noninterest-bearing deposits | 620,326,000 | 606,271,000 | 633,168,000 | 641,351,000 |
| Equity capital | 170,677,000 | 174,235,000 | 175,792,000 | 173,310,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 14,946,000 | 29,965,000 | 45,040,000 | 60,123,000 |
| Interest expense | 955,000 | 1,870,000 | 2,801,000 | 3,711,000 |
| Net interest income | 13,991,000 | 28,095,000 | 42,239,000 | 56,412,000 |
| Noninterest income | 2,972,000 | 6,256,000 | 9,449,000 | 12,869,000 |
| Noninterest expense | 11,706,000 | 22,230,000 | 33,515,000 | 44,751,000 |
| Provision for loan losses | 215,000 | 468,000 | 815,000 | 1,000,000 |
| Pretax income | 5,042,000 | 11,653,000 | 17,377,000 | 23,549,000 |
| Income tax | 1,224,000 | 3,069,000 | 4,419,000 | 6,251,000 |
| Net income | 3,818,000 | 8,584,000 | 12,958,000 | 17,298,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 165,846,000 | 167,984,000 | 169,822,000 | 170,732,000 |
| Total capital | 178,924,000 | 181,255,000 | 183,367,000 | 184,411,000 |
| Risk-weighted assets | 1,145,229,000 | 1,157,670,000 | 1,198,419,000 | 1,244,369,000 |