Call reports 2024
MERCHANTS BANK — 2024
What MERCHANTS 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 | 239,015,000 | 242,365,000 | 247,393,000 | 252,663,000 |
| Total loans | 160,408,000 | 174,044,000 | 181,404,000 | 179,437,000 |
| Allowance for loan losses | 1,855,000 | 1,957,000 | 2,029,000 | 2,030,000 |
| Securities available for sale | 60,453,000 | 59,513,000 | 52,504,000 | 52,756,000 |
| Securities held to maturity | 1,232,000 | 1,229,000 | 1,226,000 | 235,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 216,098,000 | 207,770,000 | 211,932,000 | 225,526,000 |
| Interest-bearing deposits | 172,411,000 | 166,464,000 | 167,835,000 | 167,465,000 |
| Noninterest-bearing deposits | 43,687,000 | 41,306,000 | 44,097,000 | 58,061,000 |
| Equity capital | 19,819,000 | 20,533,000 | 21,995,000 | 22,275,000 |
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 | 3,043,000 | 6,051,000 | 9,466,000 | 13,012,000 |
| Interest expense | 824,000 | 1,687,000 | 2,778,000 | 3,720,000 |
| Net interest income | 2,219,000 | 4,364,000 | 6,688,000 | 9,292,000 |
| Noninterest income | 46,000 | 93,000 | 166,000 | 233,000 |
| Noninterest expense | 1,403,000 | 2,563,000 | 3,824,000 | 5,570,000 |
| Provision for loan losses | 0 | 100,000 | 150,000 | 150,000 |
| Pretax income | 863,000 | 1,795,000 | 2,881,000 | 3,809,000 |
| Income tax | 203,000 | 441,000 | 756,000 | 898,000 |
| Net income | 660,000 | 1,354,000 | 2,125,000 | 2,911,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 21,978,000 | 22,466,000 | 23,030,000 | 23,585,000 |
| Total capital | 23,833,000 | 24,423,000 | 25,059,000 | 25,615,000 |
| Risk-weighted assets | 191,699,000 | 206,356,000 | 220,686,000 | 205,903,000 |