Call reports 2024
MERCHANTS BANK OF INDIANA — 2024
What MERCHANTS BANK OF INDIANA 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 | 17,739,648,000 | 18,184,645,000 | 18,593,873,000 | 18,622,251,000 |
| Total loans | 14,412,524,000 | 14,707,310,000 | 14,587,296,000 | 14,638,104,000 |
| Allowance for loan losses | 75,712,000 | 81,028,000 | 84,549,000 | 84,386,000 |
| Securities available for sale | 360,648,000 | 334,244,000 | 270,089,000 | 344,103,000 |
| Securities held to maturity | 1,175,167,000 | 1,291,111,000 | 1,755,047,000 | 1,664,686,000 |
| Trading assets | 700,640,000 | 682,774,000 | 682,974,000 | 635,947,000 |
| Total deposits | 14,018,401,000 | 14,966,530,000 | 12,939,577,000 | 11,979,302,000 |
| Interest-bearing deposits | 13,655,788,000 | 14,533,807,000 | 12,580,501,000 | 11,680,971,000 |
| Noninterest-bearing deposits | 362,613,000 | 432,723,000 | 359,076,000 | 298,331,000 |
| Equity capital | 1,719,140,000 | 1,882,049,000 | 1,906,630,000 | 2,074,024,000 |
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 | 313,627,000 | 642,187,000 | 980,896,000 | 1,300,578,000 |
| Interest expense | 184,310,000 | 381,891,000 | 585,238,000 | 768,855,000 |
| Net interest income | 129,317,000 | 260,296,000 | 395,658,000 | 531,723,000 |
| Noninterest income | 38,804,000 | 69,210,000 | 84,265,000 | 143,181,000 |
| Noninterest expense | 47,760,000 | 97,499,000 | 157,946,000 | 220,661,000 |
| Provision for loan losses | 5,477,000 | 14,230,000 | 19,805,000 | 23,678,000 |
| Pretax income | 114,975,000 | 216,656,000 | 299,728,000 | 429,304,000 |
| Income tax | 27,365,000 | 50,718,000 | 71,226,000 | 103,879,000 |
| Net income | 87,610,000 | 165,938,000 | 228,502,000 | 325,425,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,711,225,000 | 1,873,508,000 | 1,897,668,000 | 2,065,372,000 |
| Total capital | 1,801,020,000 | 1,969,831,000 | 1,998,836,000 | 2,165,193,000 |
| Risk-weighted assets | 15,814,865,000 | 16,433,157,000 | 16,659,198,000 | 16,799,829,000 |