Call reports 2025
MERCHANTS BANK — 2025
What MERCHANTS 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 | 254,570,000 | 245,698,000 | 248,786,000 | 269,474,000 |
| Total loans | 172,740,000 | 191,640,000 | 197,327,000 | 194,102,000 |
| Allowance for loan losses | 2,031,000 | 2,132,000 | 2,136,000 | 2,236,000 |
| Securities available for sale | 50,558,000 | 44,915,000 | 43,032,000 | 43,530,000 |
| Securities held to maturity | 235,000 | 235,000 | 235,000 | 235,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 227,034,000 | 217,479,000 | 212,533,000 | 238,722,000 |
| Interest-bearing deposits | 178,292,000 | 173,925,000 | 172,267,000 | 194,438,000 |
| Noninterest-bearing deposits | 48,742,000 | 43,554,000 | 40,266,000 | 44,284,000 |
| Equity capital | 22,993,000 | 23,990,000 | 24,942,000 | 25,475,000 |
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 | 3,265,000 | 6,765,000 | 10,392,000 | 13,987,000 |
| Interest expense | 930,000 | 1,831,000 | 2,755,000 | 3,654,000 |
| Net interest income | 2,335,000 | 4,934,000 | 7,637,000 | 10,333,000 |
| Noninterest income | 65,000 | 146,000 | 241,000 | 356,000 |
| Noninterest expense | 1,401,000 | 2,625,000 | 3,867,000 | 5,749,000 |
| Provision for loan losses | 0 | 100,000 | 200,000 | 300,000 |
| Pretax income | 995,000 | 2,351,000 | 3,806,000 | 4,635,000 |
| Income tax | 322,000 | 590,000 | 983,000 | 1,089,000 |
| Net income | 673,000 | 1,761,000 | 2,823,000 | 3,546,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2025Q1 | 2025Q2 | 2025Q3 | 2025Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,937,000 | 24,705,000 | 25,447,000 | 25,800,000 |
| Total capital | 25,968,000 | 26,837,000 | 27,583,000 | 28,036,000 |
| Risk-weighted assets | 187,944,000 | 204,607,000 | 200,463,000 | 200,129,000 |