Call reports 2024
MERCHANTS NATIONAL BANK — 2024
What MERCHANTS NATIONAL 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 | 1,339,597,000 | 1,320,441,000 | 1,347,696,000 | 1,315,856,000 |
| Total loans | 991,851,000 | 991,453,000 | 1,001,639,000 | 1,009,780,000 |
| Allowance for loan losses | 11,187,000 | 11,182,000 | 11,168,000 | 11,133,000 |
| Securities available for sale | 149,071,000 | 149,961,000 | 151,175,000 | 148,867,000 |
| Securities held to maturity | 60,569,000 | 60,569,000 | 60,569,000 | 44,570,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,118,277,000 | 1,097,874,000 | 1,107,460,000 | 1,095,157,000 |
| Interest-bearing deposits | 906,774,000 | 879,307,000 | 882,041,000 | 856,051,000 |
| Noninterest-bearing deposits | 211,503,000 | 218,567,000 | 225,419,000 | 239,106,000 |
| Equity capital | 107,165,000 | 107,803,000 | 113,218,000 | 111,997,000 |
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 | 14,279,000 | 28,944,000 | 44,049,000 | 59,752,000 |
| Interest expense | 5,763,000 | 11,591,000 | 17,964,000 | 23,541,000 |
| Net interest income | 8,516,000 | 17,353,000 | 26,085,000 | 36,211,000 |
| Noninterest income | 1,427,000 | 2,940,000 | 4,525,000 | 6,108,000 |
| Noninterest expense | 7,165,000 | 14,227,000 | 21,292,000 | 29,029,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 2,778,000 | 6,066,000 | 9,273,000 | 13,245,000 |
| Income tax | 542,000 | 1,191,000 | 1,817,000 | 2,561,000 |
| Net income | 2,236,000 | 4,875,000 | 7,456,000 | 10,684,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 105,862,000 | 105,641,000 | 107,542,000 | 107,887,000 |
| Total capital | 117,049,000 | 116,822,000 | 118,756,000 | 119,066,000 |
| Risk-weighted assets | 955,799,000 | 967,871,000 | 972,656,000 | 975,809,000 |