Call reports 2024
MERCHANTS AND PLANTERS BANK — 2024
What MERCHANTS AND PLANTERS 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 | 191,719,000 | 188,350,000 | 211,999,000 | 233,150,000 |
| Total loans | 95,067,000 | 97,311,000 | 98,884,000 | 95,881,000 |
| Allowance for loan losses | 1,975,000 | 1,976,000 | 1,974,000 | 2,180,000 |
| Securities available for sale | 69,619,000 | 68,445,000 | 68,745,000 | 65,006,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 159,456,000 | 155,456,000 | 176,923,000 | 200,414,000 |
| Interest-bearing deposits | 107,609,000 | 104,306,000 | 117,855,000 | 145,065,000 |
| Noninterest-bearing deposits | 51,847,000 | 51,150,000 | 59,068,000 | 55,349,000 |
| Equity capital | 31,440,000 | 32,289,000 | 34,414,000 | 32,272,000 |
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 | 2,290,000 | 4,639,000 | 7,062,000 | 9,895,000 |
| Interest expense | 325,000 | 660,000 | 1,031,000 | 1,599,000 |
| Net interest income | 1,965,000 | 3,979,000 | 6,031,000 | 8,296,000 |
| Noninterest income | 462,000 | 957,000 | 1,390,000 | 1,893,000 |
| Noninterest expense | 1,528,000 | 3,070,000 | 4,667,000 | 6,966,000 |
| Provision for loan losses | 0 | -4,000 | -7,000 | 197,000 |
| Pretax income | 899,000 | 1,866,000 | 2,754,000 | 3,023,000 |
| Income tax | 210,000 | 465,000 | 703,000 | 744,000 |
| Net income | 689,000 | 1,401,000 | 2,051,000 | 2,279,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 32,790,000 | 33,555,000 | 34,186,000 | 33,628,000 |