| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash and due from banks | 11,566 | 15,419 | ||
| Interest-earning demand accounts | 586,470 | 631,746 | ||
| Cash and cash equivalents | 598,036 | 647,165 | ||
| Securities purchased under agreements to resell | 1,529 | 1,539 | ||
| Mortgage loans in process of securitization | 414,786 | 402,427 | ||
| Securities available for sale (591,379 and 635,946 utilizing fair value option, respectively) | 885,070 | 936,343 | ||
| Securities held to maturity (fair value of 1,670,306 and 1,664,674, respectively) | 1,670,555 | 1,548,211 | ||
| Federal home loan bank (fhlb) stock and other equity securities | 217,850 | 217,850 | ||
| Loans held for sale (includes 112,832 and 78,170 at fair value, respectively) | 4,129,329 | 4,105,765 | ||
| Loans receivable | 10,608,551 | - | ||
| Acl-loans | 93,330 | - | ||
| Loans receivable, net of allowance for credit losses on loans of 93,330 and 84,386, respectively | 10,515,221 | 10,432,117 | ||
| Premises and equipment, net | 75,148 | 71,050 | ||
| Servicing rights | 213,156 | 193,037 | ||
| Interest receivable | 82,445 | 82,391 | ||
| Goodwill | 8,014 | 8,014 | ||
| Other assets and receivables | 543,508 | 495,295 | ||
| Total assets | 19,354,647 | 19,141,204 | ||
| Noninterest-bearing | 399,814 | 315,523 | ||
| Interest-bearing | 13,534,891 | 12,371,312 | ||
| Total deposits | 13,934,705 | 12,686,835 | ||
| Borrowings | 2,902,631 | 4,009,474 | ||
| Deferred tax liabilities | 28,973 | 29,228 | ||
| Other liabilities | 262,904 | 231,035 | ||
| Total liabilities | 17,129,213 | 16,956,572 | ||
| Common stock, without par value authorized - 75,000,000 shares, issued and outstanding - 45,889,238 shares at september 30, 2025 and 45,767,166 shares at december 31, 2024 | 242,371 | 241,452 | ||
| Preferred stock-Preferred Stock Series C6Percent | 191,084 | 191,084 | ||
| Preferred stock-Preferred Stock Series D8.25Percent | 137,459 | 137,459 | ||
| Preferred stock-Preferred Stock Series E7.625Percent | 222,748 | 222,748 | ||
| Retained earnings | 1,431,983 | 1,392,136 | ||
| Accumulated other comprehensive loss | -211 | -247 | ||
| Total shareholders' equity | 2,225,434 | 2,184,632 | ||
| Total liabilities and shareholders' equity | 19,354,647 | 19,141,204 | ||
Merchants Bancorp (MBINM)
Merchants Bancorp (MBINM)