Call reports 2024
MERCHANTS BANK, NATIONAL ASSOCIATION — 2024
What MERCHANTS BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 2,590,911,000 | 2,633,294,000 | 2,688,006,000 | 2,779,602,000 |
| Total loans | 2,188,145,000 | 2,211,344,000 | 2,166,853,000 | 2,115,798,000 |
| Allowance for loan losses | 25,644,000 | 26,996,000 | 29,210,000 | 28,490,000 |
| Securities available for sale | 184,526,000 | 197,367,000 | 216,754,000 | 283,149,000 |
| Securities held to maturity | 36,531,000 | 35,282,000 | 37,162,000 | 36,057,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,227,844,000 | 2,254,580,000 | 2,330,318,000 | 2,425,963,000 |
| Interest-bearing deposits | 1,770,125,000 | 1,813,594,000 | 1,855,936,000 | 1,960,620,000 |
| Noninterest-bearing deposits | 457,719,000 | 440,986,000 | 474,382,000 | 465,343,000 |
| Equity capital | 297,933,000 | 301,244,000 | 306,957,000 | 302,868,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 31,138,000 | 64,119,000 | 98,189,000 | 133,276,000 |
| Interest expense | 11,387,000 | 23,164,000 | 35,585,000 | 48,372,000 |
| Net interest income | 19,751,000 | 40,955,000 | 62,604,000 | 84,904,000 |
| Noninterest income | 5,944,000 | 11,929,000 | 17,954,000 | 25,113,000 |
| Noninterest expense | 17,688,000 | 36,474,000 | 53,375,000 | 73,156,000 |
| Provision for loan losses | 979,000 | 2,561,000 | 7,691,000 | 11,352,000 |
| Pretax income | 8,184,000 | 15,399,000 | 21,326,000 | 27,292,000 |
| Income tax | 2,120,000 | 3,877,000 | 5,225,000 | 6,674,000 |
| Net income | 6,064,000 | 11,522,000 | 16,101,000 | 20,618,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 285,343,000 | 287,652,000 | 289,574,000 | 290,374,000 |
| Total capital | 313,478,000 | 316,745,000 | 319,095,000 | 320,728,000 |
| Risk-weighted assets | 2,421,214,000 | 2,389,311,000 | 2,360,223,000 | 2,471,796,000 |
Machine access — free, no API key
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