Call reports 2020
MERCHANTS BANK OF ALABAMA — 2020
What MERCHANTS BANK OF ALABAMA reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 302,984,000 | 342,773,000 | 352,370,000 | 371,149,000 |
| Total loans | 181,556,000 | 206,510,000 | 204,318,000 | 192,927,000 |
| Allowance for loan losses | 1,995,000 | 2,277,000 | 2,282,000 | 2,416,000 |
| Securities available for sale | 71,398,000 | 76,585,000 | 75,292,000 | 84,064,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 269,885,000 | 307,350,000 | 316,523,000 | 334,722,000 |
| Interest-bearing deposits | 260,098,000 | 295,286,000 | 303,895,000 | 322,206,000 |
| Noninterest-bearing deposits | 9,787,000 | 12,064,000 | 12,628,000 | 12,516,000 |
| Equity capital | 31,710,000 | 33,801,000 | 34,435,000 | 34,934,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 3,119,000 | 6,181,000 | 9,202,000 | 12,281,000 |
| Interest expense | 329,000 | 629,000 | 924,000 | 1,191,000 |
| Net interest income | 2,790,000 | 5,552,000 | 8,278,000 | 11,090,000 |
| Noninterest income | 751,000 | 1,362,000 | 1,892,000 | 2,600,000 |
| Noninterest expense | 2,286,000 | 4,295,000 | 6,558,000 | 8,785,000 |
| Provision for loan losses | 12,000 | 321,000 | 396,000 | 540,000 |
| Pretax income | 1,243,000 | 2,298,000 | 3,216,000 | 4,365,000 |
| Income tax | 281,000 | 515,000 | 686,000 | 930,000 |
| Net income | 962,000 | 1,783,000 | 2,530,000 | 3,435,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 32,158,000 | 32,479,000 | 33,226,000 | 33,727,000 |
| Total capital | 34,153,000 | 34,739,000 | 35,502,000 | 36,142,000 |
| Risk-weighted assets | 187,749,000 | 180,658,000 | 181,992,000 | 198,650,000 |