Call reports 2023
MERCHANTS & MARINE BANK — 2023
What MERCHANTS & MARINE BANK 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 | 667,172,000 | 658,519,000 | 645,549,000 | 686,856,000 |
| Total loans | 411,007,000 | 422,226,000 | 419,675,000 | 425,686,000 |
| Allowance for loan losses | 8,505,000 | 8,314,000 | 8,314,000 | 7,692,000 |
| Securities available for sale | 120,108,000 | 102,816,000 | 98,197,000 | 102,782,000 |
| Securities held to maturity | 35,417,000 | 35,333,000 | 35,580,000 | 35,183,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 568,545,000 | 559,365,000 | 547,377,000 | 531,749,000 |
| Interest-bearing deposits | 562,910,000 | 554,216,000 | 543,044,000 | 526,534,000 |
| Noninterest-bearing deposits | 5,635,000 | 5,149,000 | 4,333,000 | 5,215,000 |
| Equity capital | 86,434,000 | 86,218,000 | 85,428,000 | 90,863,000 |
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 | 7,237,000 | 14,873,000 | 22,993,000 | 31,107,000 |
| Interest expense | 304,000 | 656,000 | 1,051,000 | 1,940,000 |
| Net interest income | 6,933,000 | 14,217,000 | 21,942,000 | 29,167,000 |
| Noninterest income | 1,662,000 | 3,489,000 | 9,366,000 | 11,558,000 |
| Noninterest expense | 7,083,000 | 15,146,000 | 24,184,000 | 32,769,000 |
| Provision for loan losses | 148,000 | 187,000 | 231,000 | -343,000 |
| Pretax income | 1,403,000 | 2,393,000 | 6,892,000 | 7,765,000 |
| Income tax | 202,000 | 317,000 | 1,443,000 | 1,478,000 |
| Net income | 1,201,000 | 2,076,000 | 5,449,000 | 6,287,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 95,222,000 | 95,635,000 | 98,548,000 | 98,592,000 |
| Total capital | 101,498,000 | 102,398,000 | 104,579,000 | 105,076,000 |
| Risk-weighted assets | 499,882,000 | 539,456,000 | 480,232,000 | 516,968,000 |