Merchants Bancshares (MBVT) Income Statement

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INTEREST AND DIVIDEND INCOME
Interest and fees on loans	13.06M
Investment income:
Interest and dividends on investment securities
Interest on interest earning deposits with banks and other short-term investments	54K
Total interest and dividend income	14.93M
INTEREST EXPENSE
Savings, NOW and money market accounts	413K
Time deposits $100 thousand and greater
Other time deposits
Securities sold under agreement to repurchase	107K
Long-term debt	213K
Junior subordinated debentures issued to unconsolidated subsidiary trust
Total interest expense	1.13M
Net interest income	13.8M
Provision for credit losses
Net interest income after provision for credit losses	13.3M
NONINTEREST INCOME
Total other-than-temporary impairment losses
Portion of loss recognized in other comprehensive income (before taxes)
Net impairment losses
Gain (loss) on investment securities, net
Trust company income	843K
Service charges on deposits	427K
Equity in losses of real estate limited partnerships
Other noninterest income	429K
Total noninterest income	3.13M
NONINTEREST EXPENSE
Compensation and benefits	5.79M
Occupancy expense	1.05M
Equipment expense	676K
Legal and professional fees	651K
Marketing and advertising expense	196K
State franchise taxes	399K
FDIC insurance	248K
Other Real Estate Owned ("OREO") expenses (income)
Other noninterest expense	931K
Total noninterest expense	11.42M
Income before provision for income taxes	5.01M
Provision for income taxes	1.1M
NET INCOME	3.91M
Basic earnings per common share	0.57
Diluted earnings per common share	0.57

Entities mentioned with MBVT