Call reports 2017
MERCHANTS BANK OF CALIFORNIA, NATIONAL ASSOCIATION — 2017
What MERCHANTS BANK OF CALIFORNIA, NATIONAL ASSOCIATION reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 45,744,000 | 34,743,000 | 20,515,000 | 4,891,000 |
| Total loans | 9,640,000 | 8,159,000 | 4,000 | 0 |
| Allowance for loan losses | 781,000 | 21,000 | 0 | 0 |
| Securities available for sale | 5,448,000 | 5,119,000 | 4,809,000 | 2,369,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 32,282,000 | 23,670,000 | 13,617,000 | 0 |
| Interest-bearing deposits | 24,951,000 | 16,990,000 | 10,033,000 | 0 |
| Noninterest-bearing deposits | 7,330,000 | 6,680,000 | 3,583,000 | 0 |
| Equity capital | 6,817,000 | 3,643,000 | 1,860,000 | 985,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 296,000 | 567,000 | 821,000 | 821,000 |
| Interest expense | 43,000 | 77,000 | 99,000 | 101,000 |
| Net interest income | 253,000 | 490,000 | 722,000 | 720,000 |
| Noninterest income | 380,000 | -983,000 | -1,482,000 | -1,468,000 |
| Noninterest expense | 2,565,000 | 5,544,000 | 7,384,000 | 8,287,000 |
| Provision for loan losses | 0 | -935,000 | -1,276,000 | -1,276,000 |
| Pretax income | -1,932,000 | -5,102,000 | -6,868,000 | -7,759,000 |
| Income tax | 0 | 1,000 | 1,000 | 1,000 |
| Net income | -1,932,000 | -5,103,000 | -6,869,000 | -7,760,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,856,000 | 3,684,000 | 1,923,000 | 1,033,000 |
| Total capital | 7,065,000 | 3,755,000 | 1,923,000 | 1,033,000 |
| Risk-weighted assets | 16,110,000 | 13,936,000 | 4,431,000 | 953,000 |