Call reports 2023
MERCHANTS STATE BANK — 2023
What MERCHANTS STATE 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 | 210,430,000 | 215,666,000 | 208,705,000 | 217,918,000 |
| Total loans | 130,605,000 | 132,843,000 | 135,437,000 | 143,223,000 |
| Allowance for loan losses | 983,000 | 982,000 | 986,000 | 994,000 |
| Securities available for sale | 66,229,000 | 64,742,000 | 59,105,000 | 60,923,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 183,265,000 | 177,772,000 | 172,603,000 | 177,677,000 |
| Interest-bearing deposits | 138,364,000 | 137,189,000 | 135,263,000 | 136,038,000 |
| Noninterest-bearing deposits | 44,901,000 | 40,583,000 | 37,340,000 | 41,639,000 |
| Equity capital | 23,753,000 | 24,178,000 | 22,600,000 | 26,565,000 |
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 | 2,421,000 | 5,077,000 | 7,759,000 | 10,579,000 |
| Interest expense | 490,000 | 1,169,000 | 1,978,000 | 2,957,000 |
| Net interest income | 1,931,000 | 3,908,000 | 5,781,000 | 7,622,000 |
| Noninterest income | 101,000 | 422,000 | 517,000 | 611,000 |
| Noninterest expense | 1,211,000 | 2,346,000 | 3,392,000 | 4,777,000 |
| Provision for loan losses | 0 | 0 | 0 | 25,000 |
| Pretax income | 809,000 | 1,959,000 | 2,868,000 | 3,382,000 |
| Income tax | 106,000 | 364,000 | 149,000 | 184,000 |
| Net income | 703,000 | 1,595,000 | 2,719,000 | 3,198,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 30,724,000 | 31,265,000 | 32,074,000 | 32,553,000 |