Call reports 2003
MERCHANTS BANK OF ALABAMA — 2003
What MERCHANTS BANK OF ALABAMA reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 132,596,000 | 133,536,000 | 132,974,000 | 130,341,000 |
| Total loans | 92,722,000 | 92,095,000 | 91,137,000 | 91,977,000 |
| Allowance for loan losses | 1,501,000 | 1,339,000 | 1,300,000 | 1,280,000 |
| Securities available for sale | 23,708,000 | 22,731,000 | 22,143,000 | 25,492,000 |
| Securities held to maturity | 1,097,000 | 1,071,000 | 1,045,000 | 1,019,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 121,098,000 | 121,816,000 | 121,231,000 | 118,660,000 |
| Interest-bearing deposits | 101,800,000 | 101,512,000 | 103,053,000 | 99,722,000 |
| Noninterest-bearing deposits | 19,298,000 | 20,304,000 | 18,178,000 | 18,938,000 |
| Equity capital | 10,487,000 | 10,768,000 | 10,828,000 | 10,805,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 1,844,000 | 3,727,000 | 5,478,000 | 7,161,000 |
| Interest expense | 633,000 | 1,234,000 | 1,775,000 | 2,285,000 |
| Net interest income | 1,211,000 | 2,493,000 | 3,703,000 | 4,876,000 |
| Noninterest income | 367,000 | 713,000 | 1,103,000 | 1,470,000 |
| Noninterest expense | 1,211,000 | 2,444,000 | 3,656,000 | 4,872,000 |
| Provision for loan losses | 80,000 | 155,000 | 230,000 | 232,000 |
| Pretax income | 298,000 | 623,000 | 944,000 | 1,266,000 |
| Income tax | 73,000 | 159,000 | 247,000 | 329,000 |
| Net income | 225,000 | 464,000 | 697,000 | 937,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,077,000 | 10,316,000 | 10,549,000 | 10,539,000 |
| Total capital | 11,260,000 | 11,491,000 | 11,721,000 | 11,705,000 |
| Risk-weighted assets | 94,317,000 | 93,835,000 | 93,655,000 | 93,175,000 |