Call reports 2008
MERCHANTS BANK AND TRUST COMPANY, THE — 2008
What MERCHANTS BANK AND TRUST COMPANY, THE reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 216,390,000 | 216,577,000 | 210,842,000 | 211,245,000 |
| Total loans | 195,433,000 | 196,465,000 | 191,260,000 | 190,961,000 |
| Allowance for loan losses | 2,134,000 | 1,964,000 | 1,929,000 | 2,460,000 |
| Securities available for sale | 12,309,000 | 11,707,000 | 11,490,000 | 12,575,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 170,981,000 | 173,224,000 | 169,865,000 | 169,291,000 |
| Interest-bearing deposits | 147,595,000 | 147,418,000 | 147,126,000 | 145,134,000 |
| Noninterest-bearing deposits | 23,386,000 | 25,806,000 | 22,739,000 | 24,157,000 |
| Equity capital | 17,668,000 | 17,687,000 | 18,054,000 | 18,151,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 3,421,000 | 6,685,000 | 9,869,000 | 12,942,000 |
| Interest expense | 1,684,000 | 3,075,000 | 4,342,000 | 5,463,000 |
| Net interest income | 1,737,000 | 3,610,000 | 5,527,000 | 7,479,000 |
| Noninterest income | 371,000 | 749,000 | 1,174,000 | 1,354,000 |
| Noninterest expense | 1,704,000 | 3,467,000 | 5,169,000 | 6,830,000 |
| Provision for loan losses | 0 | 123,000 | 290,000 | 986,000 |
| Pretax income | 405,000 | 770,000 | 1,243,000 | 1,018,000 |
| Income tax | 135,000 | 257,000 | 413,000 | 308,000 |
| Net income | 270,000 | 513,000 | 830,000 | 710,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 17,508,000 | 17,751,000 | 18,068,000 | 17,949,000 |
| Total capital | 19,642,000 | 19,715,000 | 19,997,000 | 19,999,000 |
| Risk-weighted assets | 172,084,000 | 170,173,000 | 166,100,000 | 163,567,000 |