Call reports 2003
MERCHANTS BANK AND TRUST COMPANY, THE — 2003
What MERCHANTS BANK AND TRUST COMPANY, THE 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 | 120,122,000 | 122,077,000 | 127,665,000 | 134,802,000 |
| Total loans | 93,704,000 | 96,088,000 | 108,170,000 | 110,113,000 |
| Allowance for loan losses | 1,115,000 | 1,203,000 | 1,213,000 | 1,224,000 |
| Securities available for sale | 17,252,000 | 13,856,000 | 11,678,000 | 14,787,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 87,698,000 | 89,915,000 | 91,016,000 | 93,890,000 |
| Interest-bearing deposits | 71,191,000 | 74,910,000 | 73,855,000 | 76,175,000 |
| Noninterest-bearing deposits | 16,507,000 | 15,005,000 | 17,161,000 | 17,715,000 |
| Equity capital | 12,733,000 | 13,128,000 | 13,270,000 | 13,729,000 |
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 | 1,826,000 | 3,620,000 | 5,448,000 | 7,268,000 |
| Interest expense | 610,000 | 1,206,000 | 1,767,000 | 2,346,000 |
| Net interest income | 1,216,000 | 2,414,000 | 3,681,000 | 4,922,000 |
| Noninterest income | 470,000 | 976,000 | 1,299,000 | 1,683,000 |
| Noninterest expense | 1,095,000 | 2,197,000 | 3,283,000 | 4,408,000 |
| Provision for loan losses | 0 | 107,000 | 157,000 | 157,000 |
| Pretax income | 611,000 | 1,135,000 | 1,589,000 | 2,089,000 |
| Income tax | 220,000 | 406,000 | 562,000 | 617,000 |
| Net income | 391,000 | 729,000 | 1,027,000 | 1,472,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,464,000 | 12,812,000 | 13,113,000 | 13,558,000 |
| Total capital | 13,569,000 | 13,981,000 | 14,326,000 | 14,782,000 |
| Risk-weighted assets | 88,452,000 | 93,524,000 | 100,533,000 | 103,931,000 |