Call reports 2022
MERCHANTS & MARINE BANK — 2022
What MERCHANTS & MARINE BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 733,464,000 | 764,462,000 | 704,246,000 | 687,181,000 |
| Total loans | 362,748,000 | 368,364,000 | 369,234,000 | 402,388,000 |
| Allowance for loan losses | 3,610,000 | 3,567,000 | 3,567,000 | 3,567,000 |
| Securities available for sale | 102,188,000 | 190,421,000 | 182,196,000 | 168,174,000 |
| Securities held to maturity | 0 | 0 | 28,372,000 | 32,493,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 649,721,000 | 663,680,000 | 604,545,000 | 585,439,000 |
| Interest-bearing deposits | 579,473,000 | 570,743,000 | 516,061,000 | 576,555,000 |
| Noninterest-bearing deposits | 70,248,000 | 92,937,000 | 88,484,000 | 8,884,000 |
| Equity capital | 73,965,000 | 89,974,000 | 87,035,000 | 88,016,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 4,941,000 | 10,610,000 | 16,979,000 | 23,783,000 |
| Interest expense | 367,000 | 891,000 | 1,115,000 | 1,372,000 |
| Net interest income | 4,574,000 | 9,719,000 | 15,864,000 | 22,411,000 |
| Noninterest income | 2,025,000 | 4,275,000 | 6,109,000 | 7,948,000 |
| Noninterest expense | 6,441,000 | 13,481,000 | 20,018,000 | 27,023,000 |
| Provision for loan losses | 214,000 | 217,000 | 93,000 | 205,000 |
| Pretax income | -45,000 | 262,000 | 1,834,000 | 3,178,000 |
| Income tax | -203,000 | -211,000 | -153,000 | 39,000 |
| Net income | 158,000 | 473,000 | 1,987,000 | 3,139,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 76,611,000 | 96,531,000 | 97,651,000 | 98,008,000 |
| Total capital | 80,387,000 | 100,284,000 | 101,404,000 | 101,761,000 |
| Risk-weighted assets | 453,283,000 | 470,174,000 | 479,888,000 | 515,455,000 |