Merchants State 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 | $218M | $176M | $147M | $34M | $895K | 1.63% | 10.71% | 4.35% | 0.33% |
| Q4 2025 | $222M | $181M | $148M | $33M | $682K | 1.74% | 12.21% | 4.31% | 0.33% |
| Q3 2025 | $213M | $170M | $139M | $32M | $1M | 1.91% | 13.59% | 4.31% | 0.35% |
| Q2 2025 | $215M | $174M | $140M | $30M | $1M | 1.88% | 13.71% | 4.27% | 0.21% |
| Q1 2025 | $217M | $173M | $138M | $29M | $974K | 1.83% | 13.51% | 4.24% | 0.48% |
| Q4 2024 | $209M | $172M | $142M | $28M | $583K | 1.55% | 12.08% | 4.00% | 0.20% |
| Q3 2024 | $212M | $173M | $139M | $29M | $946K | 1.70% | 13.38% | 3.98% | 0.22% |
| Q2 2024 | $218M | $177M | $142M | $27M | $899K | 1.67% | 13.48% | 3.92% | 0.22% |
| Q1 2024 | $217M | $174M | $144M | $27M | $913K | 1.68% | 13.70% | 4.02% | 0.27% |
| Q4 2023 | $218M | $178M | $142M | $27M | $479K | 1.49% | 13.43% | 3.78% | 0.35% |
| Q3 2023 | $209M | $173M | $134M | $23M | $1M | 1.70% | 15.68% | 3.84% | 0.34% |
| Q2 2023 | $216M | $178M | $132M | $24M | $892K | 1.48% | 13.69% | 3.85% | 0.39% |
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.