Call reports 2023
MER ROUGE STATE BANK, THE — 2023
What MER ROUGE STATE BANK, THE 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 | 51,509,000 | 47,732,000 | 50,684,000 | 52,975,000 |
| Total loans | 19,427,000 | 23,059,000 | 21,789,000 | 20,207,000 |
| Allowance for loan losses | 132,000 | 132,000 | 131,000 | 166,000 |
| Securities available for sale | 15,384,000 | 14,946,000 | 14,241,000 | 14,369,000 |
| Securities held to maturity | 1,911,000 | 1,898,000 | 1,884,000 | 1,867,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 47,409,000 | 43,622,000 | 46,681,000 | 48,478,000 |
| Interest-bearing deposits | 28,796,000 | 27,618,000 | 29,217,000 | 28,005,000 |
| Noninterest-bearing deposits | 18,613,000 | 16,004,000 | 17,464,000 | 20,473,000 |
| Equity capital | 3,978,000 | 3,925,000 | 3,718,000 | 4,368,000 |
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 | 677,000 | 1,259,000 | 1,872,000 | 2,538,000 |
| Interest expense | 37,000 | 96,000 | 189,000 | 301,000 |
| Net interest income | 640,000 | 1,163,000 | 1,683,000 | 2,237,000 |
| Noninterest income | 31,000 | 66,000 | 99,000 | 548,000 |
| Noninterest expense | 410,000 | 819,000 | 1,237,000 | 1,743,000 |
| Provision for loan losses | 0 | 109,000 | 109,000 | 144,000 |
| Pretax income | 261,000 | 301,000 | 436,000 | 898,000 |
| Income tax | 78,000 | 81,000 | 123,000 | 206,000 |
| Net income | 183,000 | 220,000 | 313,000 | 692,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,502,000 | 5,537,000 | 5,630,000 | 5,799,000 |