Call reports 2025
MERCHANTS BANK, NATIONAL ASSOCIATION — 2025
What MERCHANTS BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2025, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2025Q1 | 2025Q2 | 2025Q3 | 2025Q4 |
|---|---|---|---|---|
| Total assets | 2,810,454,000 | 2,767,158,000 | 2,821,513,000 | 2,898,711,000 |
| Total loans | 2,079,863,000 | 2,093,135,000 | 2,065,238,000 | 2,051,191,000 |
| Allowance for loan losses | 28,751,000 | 27,528,000 | 27,667,000 | 25,996,000 |
| Securities available for sale | 291,626,000 | 329,449,000 | 339,520,000 | 400,820,000 |
| Securities held to maturity | 37,823,000 | 38,098,000 | 37,978,000 | 37,534,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,448,618,000 | 2,408,536,000 | 2,452,004,000 | 2,522,900,000 |
| Interest-bearing deposits | 1,970,648,000 | 1,952,475,000 | 1,982,436,000 | 2,044,908,000 |
| Noninterest-bearing deposits | 477,970,000 | 456,061,000 | 469,568,000 | 477,992,000 |
| Equity capital | 314,656,000 | 319,298,000 | 329,984,000 | 335,617,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2025Q1 | 2025Q2 | 2025Q3 | 2025Q4 |
|---|---|---|---|---|
| Interest income | 33,876,000 | 67,864,000 | 102,573,000 | 137,464,000 |
| Interest expense | 12,481,000 | 26,233,000 | 38,216,000 | 49,729,000 |
| Net interest income | 21,395,000 | 41,631,000 | 64,357,000 | 87,735,000 |
| Noninterest income | 7,195,000 | 16,242,000 | 24,877,000 | 33,246,000 |
| Noninterest expense | 18,967,000 | 39,349,000 | 57,864,000 | 78,426,000 |
| Provision for loan losses | 388,000 | -363,000 | -123,000 | -1,174,000 |
| Pretax income | 9,379,000 | 19,269,000 | 32,117,000 | 44,256,000 |
| Income tax | 2,305,000 | 3,749,000 | 6,977,000 | 9,566,000 |
| Net income | 7,074,000 | 15,520,000 | 25,140,000 | 34,690,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2025Q1 | 2025Q2 | 2025Q3 | 2025Q4 |
|---|---|---|---|---|
| Tier 1 capital | 297,470,000 | 302,828,000 | 310,253,000 | 315,202,000 |
| Total capital | 327,801,000 | 331,953,000 | 339,273,000 | 342,648,000 |
| Risk-weighted assets | 2,426,261,000 | 2,447,365,000 | 2,397,234,000 | 2,443,229,000 |
Machine access — free, no API key
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