Call reports 2023
MERCHANTS BANK, NATIONAL ASSOCIATION — 2023
What MERCHANTS BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 2,515,629,000 | 2,466,195,000 | 2,516,940,000 | 2,600,240,000 |
| Total loans | 1,957,515,000 | 2,023,019,000 | 2,084,170,000 | 2,161,849,000 |
| Allowance for loan losses | 24,008,000 | 23,899,000 | 24,736,000 | 25,030,000 |
| Securities available for sale | 215,670,000 | 198,601,000 | 189,545,000 | 202,216,000 |
| Securities held to maturity | 40,772,000 | 40,643,000 | 38,843,000 | 37,720,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,184,946,000 | 2,099,046,000 | 2,150,785,000 | 2,176,081,000 |
| Interest-bearing deposits | 1,586,458,000 | 1,572,455,000 | 1,613,704,000 | 1,692,131,000 |
| Noninterest-bearing deposits | 598,488,000 | 526,591,000 | 537,081,000 | 483,950,000 |
| Equity capital | 289,098,000 | 293,109,000 | 298,127,000 | 291,661,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 27,492,000 | 55,949,000 | 85,638,000 | 116,935,000 |
| Interest expense | 4,342,000 | 10,761,000 | 18,537,000 | 28,690,000 |
| Net interest income | 23,150,000 | 45,188,000 | 67,101,000 | 88,245,000 |
| Noninterest income | 5,282,000 | 10,782,000 | 16,944,000 | 23,163,000 |
| Noninterest expense | 16,254,000 | 34,396,000 | 52,127,000 | 71,720,000 |
| Provision for loan losses | 468,000 | 292,000 | 1,252,000 | 1,785,000 |
| Pretax income | 10,953,000 | 20,953,000 | 30,253,000 | 38,174,000 |
| Income tax | 2,933,000 | 5,560,000 | 7,811,000 | 9,730,000 |
| Net income | 8,020,000 | 15,393,000 | 22,442,000 | 28,444,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 278,148,000 | 273,398,000 | 289,145,000 | 279,220,000 |
| Total capital | 302,156,000 | 299,562,000 | 317,681,000 | 307,365,000 |
| Risk-weighted assets | 2,294,027,000 | 2,091,697,000 | 2,403,577,000 | 2,459,491,000 |
Machine access — free, no API key
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