Merchants Bank quarterly financials
As reported to the FDIC. Dollar values are period-end balances. Net income is for the single quarter, derived from the FDIC's year-to-date figures by subtracting the prior quarter's report. Ratios (ROA, ROE, NIM) are FDIC-computed annualized year-to-date values.
| Quarter | Assets | Deposits | Net loans | Equity | Net income | ROA | ROE | NIM | Noncurrent |
|---|---|---|---|---|---|---|---|---|---|
| Q1 2026 | $258M | $227M | $176M | $26M | $897K | 1.36% | 13.98% | 3.94% | 1.21% |
| Q4 2025 | $269M | $239M | $192M | $25M | $723K | 1.39% | 14.82% | 4.21% | 1.12% |
| Q3 2025 | $249M | $213M | $195M | $25M | $1M | 1.50% | 15.98% | 4.21% | 1.11% |
| Q2 2025 | $246M | $217M | $190M | $24M | $1M | 1.40% | 15.26% | 4.07% | 1.88% |
| Q1 2025 | $255M | $227M | $171M | $23M | $673K | 1.06% | 11.89% | 3.82% | 1.24% |
| Q4 2024 | $253M | $226M | $177M | $22M | $786K | 1.20% | 14.01% | 3.98% | 1.14% |
| Q3 2024 | $247M | $212M | $179M | $22M | $771K | 1.18% | 13.88% | 3.86% | 1.94% |
| Q2 2024 | $242M | $208M | $172M | $21M | $694K | 1.14% | 13.62% | 3.80% | 2.05% |
| Q1 2024 | $239M | $216M | $159M | $20M | $660K | 1.12% | 13.50% | 3.91% | 1.25% |
| Q4 2023 | $234M | $211M | $162M | $19M | $402K | 1.11% | 14.63% | 3.89% | 1.24% |
| Q3 2023 | $235M | $196M | $164M | $18M | $758K | 1.25% | 16.85% | 3.92% | 1.51% |
| Q2 2023 | $236M | $204M | $159M | $18M | $950K | 1.23% | 16.78% | 3.91% | 0.04% |
Transcribed from FDIC BankFind Suite quarterly financial data (Call Report-derived). Income in Call Reports is filed year-to-date; per-quarter net income shown here is the difference between consecutive reports within the same year. NIM = net interest margin; “Noncurrent” = noncurrent loans as a share of total loans. These figures describe reported financials only and are not a safety rating or a prediction about the institution.