Call reports 2023
MERCHANTS NATIONAL BANK — 2023
What MERCHANTS NATIONAL BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 1,297,502,000 | 1,331,544,000 | 1,327,136,000 | 1,336,528,000 |
| Total loans | 959,411,000 | 995,002,000 | 1,004,530,000 | 1,012,662,000 |
| Allowance for loan losses | 10,772,000 | 10,903,000 | 11,056,000 | 11,136,000 |
| Securities available for sale | 149,295,000 | 146,890,000 | 145,322,000 | 149,899,000 |
| Securities held to maturity | 60,569,000 | 60,569,000 | 60,569,000 | 60,569,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,129,943,000 | 1,135,948,000 | 1,103,280,000 | 1,090,239,000 |
| Interest-bearing deposits | 897,938,000 | 901,244,000 | 878,261,000 | 850,343,000 |
| Noninterest-bearing deposits | 232,005,000 | 234,704,000 | 225,019,000 | 239,896,000 |
| Equity capital | 103,473,000 | 102,021,000 | 102,850,000 | 106,126,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 12,076,000 | 25,184,000 | 38,888,000 | 52,935,000 |
| Interest expense | 3,125,000 | 7,320,000 | 12,271,000 | 17,592,000 |
| Net interest income | 8,951,000 | 17,864,000 | 26,617,000 | 35,343,000 |
| Noninterest income | 1,332,000 | 2,716,000 | 4,113,000 | 5,837,000 |
| Noninterest expense | 6,993,000 | 13,730,000 | 20,673,000 | 28,196,000 |
| Provision for loan losses | 150,000 | 200,000 | 200,000 | 200,000 |
| Pretax income | 3,140,000 | 6,650,000 | 9,857,000 | 12,784,000 |
| Income tax | 607,000 | 1,297,000 | 1,927,000 | 2,503,000 |
| Net income | 2,533,000 | 5,353,000 | 7,930,000 | 10,281,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 102,719,000 | 102,661,000 | 104,526,000 | 103,988,000 |
| Total capital | 113,492,000 | 113,563,000 | 115,581,000 | 115,124,000 |
| Risk-weighted assets | 940,893,000 | 969,701,000 | 975,647,000 | 992,187,000 |