Call reports 2024
MERCHANTS & MARINE BANK — 2024
What MERCHANTS & MARINE BANK 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 | 673,060,000 | 777,402,000 | 724,599,000 | 715,177,000 |
| Total loans | 424,568,000 | 454,648,000 | 458,113,000 | 471,414,000 |
| Allowance for loan losses | 7,773,000 | 7,822,000 | 8,097,000 | 6,287,000 |
| Securities available for sale | 101,189,000 | 120,916,000 | 113,083,000 | 99,276,000 |
| Securities held to maturity | 35,205,000 | 35,422,000 | 35,456,000 | 35,470,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 518,471,000 | 621,566,000 | 614,770,000 | 606,306,000 |
| Interest-bearing deposits | 512,657,000 | 615,419,000 | 608,982,000 | 599,556,000 |
| Noninterest-bearing deposits | 5,814,000 | 6,147,000 | 5,788,000 | 6,750,000 |
| Equity capital | 90,512,000 | 91,378,000 | 94,698,000 | 92,320,000 |
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 | 8,626,000 | 19,060,000 | 29,655,000 | 39,584,000 |
| Interest expense | 1,094,000 | 2,348,000 | 3,486,000 | 4,122,000 |
| Net interest income | 7,532,000 | 16,712,000 | 26,169,000 | 35,462,000 |
| Noninterest income | 3,003,000 | 5,236,000 | 7,684,000 | 10,012,000 |
| Noninterest expense | 9,772,000 | 19,219,000 | 28,702,000 | 38,539,000 |
| Provision for loan losses | 90,000 | 170,000 | 479,000 | 375,000 |
| Pretax income | 788,000 | 2,251,000 | 4,631,000 | 6,583,000 |
| Income tax | 74,000 | 232,000 | 677,000 | 955,000 |
| Net income | 714,000 | 2,019,000 | 3,954,000 | 5,628,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 98,843,000 | 94,364,000 | 92,789,000 | 93,668,000 |
| Total capital | 105,476,000 | 101,351,000 | 99,904,000 | 100,116,000 |
| Risk-weighted assets | 528,929,000 | 557,635,000 | 568,032,000 | 608,986,000 |