Call reports 2025
MERCHANTS STATE BANK — 2025
What MERCHANTS STATE BANK reported to the FFIEC in 2025, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2025Q1 | 2025Q2 | 2025Q3 | 2025Q4 |
|---|---|---|---|---|
| Total assets | 216,871,000 | 214,706,000 | 212,534,000 | 221,544,000 |
| Total loans | 139,458,000 | 140,868,000 | 139,649,000 | 149,149,000 |
| Allowance for loan losses | 1,010,000 | 1,010,000 | 1,009,000 | 957,000 |
| Securities available for sale | 52,527,000 | 47,247,000 | 52,448,000 | 52,505,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 173,136,000 | 173,702,000 | 169,826,000 | 180,697,000 |
| Interest-bearing deposits | 135,429,000 | 136,963,000 | 133,191,000 | 140,381,000 |
| Noninterest-bearing deposits | 37,707,000 | 36,739,000 | 36,635,000 | 40,316,000 |
| Equity capital | 29,279,000 | 30,418,000 | 32,145,000 | 33,166,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2025Q1 | 2025Q2 | 2025Q3 | 2025Q4 |
|---|---|---|---|---|
| Interest income | 2,985,000 | 6,034,000 | 9,119,000 | 12,207,000 |
| Interest expense | 875,000 | 1,763,000 | 2,635,000 | 3,500,000 |
| Net interest income | 2,110,000 | 4,271,000 | 6,484,000 | 8,707,000 |
| Noninterest income | 92,000 | 202,000 | 296,000 | 374,000 |
| Noninterest expense | 1,166,000 | 2,301,000 | 3,494,000 | 5,080,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 1,031,000 | 2,121,000 | 3,227,000 | 3,935,000 |
| Income tax | 57,000 | 108,000 | 163,000 | 189,000 |
| Net income | 974,000 | 2,013,000 | 3,064,000 | 3,746,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2025Q1 | 2025Q2 | 2025Q3 | 2025Q4 |
|---|---|---|---|---|
| Tier 1 capital | 35,569,000 | 36,239,000 | 36,899,000 | 37,151,000 |