Call reports 2017
MERCHANTS BANK, THE — 2017
What MERCHANTS BANK, THE reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 |
|---|---|
| Total assets | 2,030,561,000 |
| Total loans | 1,542,703,000 |
| Allowance for loan losses | 13,187,000 |
| Securities available for sale | 287,989,000 |
| Securities held to maturity | 80,991,000 |
| Trading assets | 0 |
| Total deposits | 1,513,577,000 |
| Interest-bearing deposits | 882,625,000 |
| Noninterest-bearing deposits | 630,952,000 |
| Equity capital | 174,962,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 |
|---|---|
| Interest income | 15,499,000 |
| Interest expense | 1,042,000 |
| Net interest income | 14,457,000 |
| Noninterest income | 3,064,000 |
| Noninterest expense | 11,535,000 |
| Provision for loan losses | 566,000 |
| Pretax income | 5,675,000 |
| Income tax | 1,569,000 |
| Net income | 4,106,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 |
|---|---|
| Tier 1 capital | 172,062,000 |
| Total capital | 186,203,000 |
| Risk-weighted assets | 1,264,212,000 |