Call reports 2024
MERCHANTS STATE BANK — 2024
What MERCHANTS STATE 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 | 217,138,000 | 217,904,000 | 212,245,000 | 209,407,000 |
| Total loans | 144,693,000 | 143,213,000 | 139,773,000 | 142,851,000 |
| Allowance for loan losses | 1,021,000 | 1,021,000 | 1,015,000 | 1,010,000 |
| Securities available for sale | 58,537,000 | 57,368,000 | 56,341,000 | 54,341,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 173,938,000 | 176,772,000 | 173,453,000 | 171,680,000 |
| Interest-bearing deposits | 137,843,000 | 141,176,000 | 138,761,000 | 133,664,000 |
| Noninterest-bearing deposits | 36,095,000 | 35,596,000 | 34,692,000 | 38,016,000 |
| Equity capital | 26,731,000 | 27,360,000 | 29,240,000 | 28,402,000 |
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 | 2,997,000 | 6,096,000 | 9,127,000 | 12,096,000 |
| Interest expense | 942,000 | 2,091,000 | 3,061,000 | 4,025,000 |
| Net interest income | 2,055,000 | 4,005,000 | 6,066,000 | 8,071,000 |
| Noninterest income | 102,000 | 203,000 | 299,000 | 382,000 |
| Noninterest expense | 1,158,000 | 2,254,000 | 3,401,000 | 4,878,000 |
| Provision for loan losses | 25,000 | 25,000 | 25,000 | 25,000 |
| Pretax income | 965,000 | 1,912,000 | 2,911,000 | 3,513,000 |
| Income tax | 52,000 | 100,000 | 153,000 | 172,000 |
| Net income | 913,000 | 1,812,000 | 2,758,000 | 3,341,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 33,202,000 | 33,771,000 | 34,367,000 | 34,596,000 |