Call reports 2004
MERCHANTS BANK AND TRUST COMPANY, THE — 2004
What MERCHANTS BANK AND TRUST COMPANY, THE reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 135,672,000 | 139,394,000 | 139,472,000 | 147,574,000 |
| Total loans | 106,673,000 | 111,121,000 | 117,576,000 | 121,970,000 |
| Allowance for loan losses | 828,000 | 825,000 | 773,000 | 1,280,000 |
| Securities available for sale | 14,588,000 | 19,429,000 | 13,124,000 | 14,972,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 95,825,000 | 99,658,000 | 100,405,000 | 109,614,000 |
| Interest-bearing deposits | 75,067,000 | 77,929,000 | 77,846,000 | 85,312,000 |
| Noninterest-bearing deposits | 20,758,000 | 21,729,000 | 22,559,000 | 24,302,000 |
| Equity capital | 14,085,000 | 14,138,000 | 13,280,000 | 13,339,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 1,824,000 | 3,640,000 | 5,576,000 | 7,535,000 |
| Interest expense | 582,000 | 1,122,000 | 1,712,000 | 2,324,000 |
| Net interest income | 1,242,000 | 2,518,000 | 3,864,000 | 5,211,000 |
| Noninterest income | 364,000 | 728,000 | 1,327,000 | 1,666,000 |
| Noninterest expense | 1,167,000 | 2,313,000 | 3,592,000 | 4,775,000 |
| Provision for loan losses | 0 | 0 | 0 | 500,000 |
| Pretax income | 439,000 | 935,000 | 1,734,000 | 1,737,000 |
| Income tax | 163,000 | 334,000 | 622,000 | 527,000 |
| Net income | 276,000 | 601,000 | 1,112,000 | 1,210,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,812,000 | 14,159,000 | 13,160,000 | 13,264,000 |
| Total capital | 14,640,000 | 14,984,000 | 13,933,000 | 14,544,000 |
| Risk-weighted assets | 104,068,000 | 107,748,000 | 110,595,000 | 115,934,000 |