Call reports 2024
MER ROUGE STATE BANK, THE — 2024
What MER ROUGE STATE BANK, THE 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 | 48,134,000 | 46,702,000 | 46,825,000 | 49,957,000 |
| Total loans | 21,795,000 | 25,168,000 | 26,708,000 | 22,255,000 |
| Allowance for loan losses | 198,000 | 204,000 | 224,000 | 254,000 |
| Securities available for sale | 15,513,000 | 14,747,000 | 13,934,000 | 13,242,000 |
| Securities held to maturity | 1,850,000 | 1,828,000 | 856,000 | 831,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 43,640,000 | 41,970,000 | 41,661,000 | 45,202,000 |
| Interest-bearing deposits | 29,603,000 | 29,340,000 | 29,320,000 | 29,653,000 |
| Noninterest-bearing deposits | 14,037,000 | 12,630,000 | 12,341,000 | 15,549,000 |
| Equity capital | 4,391,000 | 4,541,000 | 4,972,000 | 4,656,000 |
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 | 710,000 | 1,374,000 | 2,019,000 | 2,681,000 |
| Interest expense | 135,000 | 298,000 | 470,000 | 640,000 |
| Net interest income | 575,000 | 1,076,000 | 1,549,000 | 2,041,000 |
| Noninterest income | 36,000 | 74,000 | 107,000 | 420,000 |
| Noninterest expense | 436,000 | 830,000 | 1,259,000 | 1,738,000 |
| Provision for loan losses | 32,000 | 32,000 | 52,000 | 82,000 |
| Pretax income | 143,000 | 288,000 | 340,000 | 636,000 |
| Income tax | 43,000 | 73,000 | 92,000 | 189,000 |
| Net income | 100,000 | 215,000 | 248,000 | 447,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,899,000 | 6,016,000 | 6,048,000 | 6,048,000 |