Call reports 2024
MERCHANTS COMMERCIAL BANK — 2024
What MERCHANTS COMMERCIAL 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 | 473,496,000 | 484,557,000 | 461,800,000 | 466,724,000 |
| Total loans | 181,590,000 | 179,798,000 | 185,825,000 | 186,676,000 |
| Allowance for loan losses | 2,367,000 | 2,227,000 | 2,227,000 | 2,228,000 |
| Securities available for sale | 248,929,000 | 246,002,000 | 250,114,000 | 237,884,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 364,839,000 | 363,322,000 | 331,397,000 | 360,212,000 |
| Interest-bearing deposits | 180,524,000 | 188,857,000 | 181,137,000 | 220,465,000 |
| Noninterest-bearing deposits | 184,315,000 | 174,465,000 | 150,260,000 | 139,747,000 |
| Equity capital | 13,825,000 | 15,530,000 | 24,331,000 | 16,543,000 |
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 | 6,701,000 | 13,202,000 | 19,480,000 | 25,678,000 |
| Interest expense | 2,188,000 | 4,253,000 | 6,439,000 | 8,750,000 |
| Net interest income | 4,513,000 | 8,949,000 | 13,041,000 | 16,928,000 |
| Noninterest income | 403,000 | 809,000 | 1,208,000 | 1,602,000 |
| Noninterest expense | 2,021,000 | 4,245,000 | 6,310,000 | 8,416,000 |
| Provision for loan losses | 0 | -111,000 | -111,000 | -111,000 |
| Pretax income | 2,895,000 | 5,513,000 | 7,939,000 | 10,114,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 2,895,000 | 5,513,000 | 7,939,000 | 10,114,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 47,269,000 | 48,439,000 | 49,557,000 | 50,517,000 |