Call reports 2016
MERCHANTS BANK OF ALABAMA — 2016
What MERCHANTS BANK OF ALABAMA 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 | 263,700,000 | 268,240,000 | 271,241,000 | 270,174,000 |
| Total loans | 159,185,000 | 158,790,000 | 156,554,000 | 154,575,000 |
| Allowance for loan losses | 1,880,000 | 1,871,000 | 1,679,000 | 1,734,000 |
| Securities available for sale | 63,079,000 | 62,914,000 | 65,822,000 | 69,375,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 237,501,000 | 241,417,000 | 243,959,000 | 243,908,000 |
| Interest-bearing deposits | 227,991,000 | 229,913,000 | 234,765,000 | 234,327,000 |
| Noninterest-bearing deposits | 9,510,000 | 11,504,000 | 9,194,000 | 9,581,000 |
| Equity capital | 24,783,000 | 25,412,000 | 25,945,000 | 24,919,000 |
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 | 2,387,000 | 4,818,000 | 7,225,000 | 9,625,000 |
| Interest expense | 211,000 | 423,000 | 639,000 | 864,000 |
| Net interest income | 2,176,000 | 4,395,000 | 6,586,000 | 8,761,000 |
| Noninterest income | 453,000 | 998,000 | 1,630,000 | 1,697,000 |
| Noninterest expense | 2,032,000 | 4,248,000 | 6,253,000 | 8,277,000 |
| Provision for loan losses | 7,000 | 13,000 | 22,000 | 28,000 |
| Pretax income | 590,000 | 1,218,000 | 2,028,000 | 2,240,000 |
| Income tax | 170,000 | 348,000 | 599,000 | 617,000 |
| Net income | 420,000 | 870,000 | 1,429,000 | 1,623,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 24,492,000 | 24,942,000 | 25,501,000 | 25,694,000 |
| Total capital | 26,372,000 | 26,813,000 | 27,180,000 | 27,428,000 |
| Risk-weighted assets | 170,232,000 | 171,033,000 | 170,587,000 | 167,103,000 |