Call reports 2010
MERCHANTS BANK OF ALABAMA — 2010
What MERCHANTS BANK OF ALABAMA reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 251,378,000 | 246,729,000 | 248,240,000 | 247,670,000 |
| Total loans | 186,351,000 | 184,388,000 | 180,014,000 | 175,575,000 |
| Allowance for loan losses | 1,796,000 | 2,017,000 | 2,327,000 | 2,510,000 |
| Securities available for sale | 26,273,000 | 26,712,000 | 27,328,000 | 32,196,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 217,591,000 | 217,527,000 | 218,435,000 | 217,966,000 |
| Interest-bearing deposits | 208,498,000 | 211,564,000 | 210,055,000 | 211,331,000 |
| Noninterest-bearing deposits | 9,093,000 | 5,963,000 | 8,380,000 | 6,635,000 |
| Equity capital | 18,310,000 | 18,583,000 | 18,908,000 | 18,760,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 3,087,000 | 6,283,000 | 9,343,000 | 12,426,000 |
| Interest expense | 1,018,000 | 1,968,000 | 2,800,000 | 3,534,000 |
| Net interest income | 2,069,000 | 4,315,000 | 6,543,000 | 8,892,000 |
| Noninterest income | 425,000 | 928,000 | 1,492,000 | 1,947,000 |
| Noninterest expense | 1,967,000 | 4,062,000 | 6,002,000 | 8,042,000 |
| Provision for loan losses | 879,000 | 1,360,000 | 1,811,000 | 2,270,000 |
| Pretax income | -352,000 | -94,000 | 386,000 | 721,000 |
| Income tax | -179,000 | -133,000 | -6,000 | 67,000 |
| Net income | -173,000 | 39,000 | 392,000 | 654,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,119,000 | 18,332,000 | 18,685,000 | 18,949,000 |
| Total capital | 19,915,000 | 20,349,000 | 20,992,000 | 21,221,000 |
| Risk-weighted assets | 188,584,000 | 187,916,000 | 184,601,000 | 181,559,000 |