Call reports 2024
MERCHANTS & CITIZENS BANK, THE — 2024
What MERCHANTS & CITIZENS BANK, THE 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 | 129,847,000 | 136,512,000 | 134,204,000 | 134,754,000 |
| Total loans | 38,224,000 | 42,328,000 | 43,863,000 | 44,161,000 |
| Allowance for loan losses | 971,000 | 960,000 | 956,000 | 957,000 |
| Securities available for sale | 72,030,000 | 77,733,000 | 74,293,000 | 70,420,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 115,941,000 | 122,458,000 | 117,731,000 | 121,391,000 |
| Interest-bearing deposits | 76,244,000 | 83,342,000 | 77,624,000 | 78,969,000 |
| Noninterest-bearing deposits | 39,697,000 | 39,116,000 | 40,107,000 | 42,422,000 |
| Equity capital | 11,776,000 | 11,777,000 | 14,083,000 | 11,369,000 |
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 | 1,238,000 | 2,599,000 | 4,004,000 | 5,413,000 |
| Interest expense | 402,000 | 836,000 | 1,291,000 | 1,757,000 |
| Net interest income | 836,000 | 1,763,000 | 2,713,000 | 3,656,000 |
| Noninterest income | 77,000 | 152,000 | 229,000 | 319,000 |
| Noninterest expense | 765,000 | 1,573,000 | 2,442,000 | 3,371,000 |
| Provision for loan losses | 0 | 0 | -30,000 | -30,000 |
| Pretax income | 139,000 | 333,000 | 521,000 | 625,000 |
| Income tax | -11,000 | -47,000 | -95,000 | -5,000 |
| Net income | 150,000 | 380,000 | 616,000 | 630,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,267,000 | 18,486,000 | 18,710,000 | 18,314,000 |
| Total capital | 19,192,000 | 19,440,000 | 19,666,000 | 19,271,000 |
| Risk-weighted assets | 73,983,000 | 76,373,000 | 77,176,000 | 78,494,000 |