Call reports 2025
MERCHANTS NATIONAL BANK — 2025
What MERCHANTS NATIONAL 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 | 1,381,954,000 | 1,331,882,000 | 1,334,025,000 | 1,320,880,000 |
| Total loans | 994,071,000 | 983,806,000 | 978,757,000 | 972,728,000 |
| Allowance for loan losses | 11,145,000 | 11,234,000 | 11,288,000 | 11,311,000 |
| Securities available for sale | 150,673,000 | 133,324,000 | 131,876,000 | 132,175,000 |
| Securities held to maturity | 44,570,000 | 44,570,000 | 44,570,000 | 41,570,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,190,273,000 | 1,140,485,000 | 1,144,594,000 | 1,131,307,000 |
| Interest-bearing deposits | 1,000,057,000 | 914,453,000 | 927,739,000 | 895,212,000 |
| Noninterest-bearing deposits | 190,216,000 | 226,032,000 | 216,855,000 | 236,095,000 |
| Equity capital | 116,024,000 | 118,215,000 | 122,640,000 | 120,160,000 |
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 | 14,866,000 | 30,759,000 | 46,712,000 | 62,890,000 |
| Interest expense | 5,236,000 | 10,174,000 | 15,371,000 | 20,096,000 |
| Net interest income | 9,630,000 | 20,585,000 | 31,341,000 | 42,794,000 |
| Noninterest income | 1,442,000 | 3,015,000 | 4,679,000 | 6,376,000 |
| Noninterest expense | 7,222,000 | 14,798,000 | 22,442,000 | 31,175,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 3,850,000 | 8,802,000 | 13,578,000 | 17,995,000 |
| Income tax | 768,000 | 1,760,000 | 2,728,000 | 3,617,000 |
| Net income | 3,082,000 | 7,042,000 | 10,850,000 | 14,378,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2025Q1 | 2025Q2 | 2025Q3 | 2025Q4 |
|---|---|---|---|---|
| Tier 1 capital | 110,335,000 | 111,458,000 | 114,656,000 | 111,695,000 |
| Total capital | 121,526,000 | 122,737,000 | 125,989,000 | 123,052,000 |
| Risk-weighted assets | 952,555,000 | 956,561,000 | 947,069,000 | 948,086,000 |