Merchants bancorp (MBIN)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Dec'16
Assets
Cash and due from banks

8

13

15

15

19

25

20

18

21

18

14

10

Interest-earning demand accounts

559

492

349

445

293

310

390

334

266

340

551

435

Cash and cash equivalents

568

506

364

460

313

336

410

352

287

359

566

445

Securities purchased under agreements to resell

6

6

6

6

6

6

6

6

7

7

7

5

Trading securities

465

269

227

101

129

163

74

135

200

140

121

137

Available for sale securities

339

290

308

261

296

331

269

385

413

408

430

325

Federal Home Loan Bank (FHLB) stock

46

20

18

18

18

7

7

7

7

7

7

7

Loans held for sale (includes $18,938 and $19,592, respectively at fair value)

2,796

2,093

2,498

1,918

882

832

1,004

953

1,081

995

798

764

Loans receivable, net of allowance for loan losses of $18,883 and $15,842, respectively

3,501

3,012

2,742

2,347

2,168

2,045

1,905

1,823

1,563

1,366

1,201

935

Premises and equipment, net

29

29

29

26

21

15

10

8

6

5

5

4

Mortgage servicing rights

69

74

71

74

76

77

71

70

67

66

62

53

Interest receivable

18

18

18

17

14

13

12

10

9

8

7

5

Goodwill

15

15

15

15

17

17

5

5

5

3

6

0

Intangible assets, net

3

3

4

4

3

3

1

1

1

1

-

-

Other assets and receivables

48

30

29

33

28

32

25

25

24

22

23

31

Total assets

7,908

6,371

6,337

5,287

3,976

3,884

3,806

3,786

3,675

3,393

3,237

2,718

Liabilities and Shareholders' Equity
Liabilities
Deposits
Noninterest-bearing

327

272

198

192

128

182

336

585

653

620

721

566

Interest-bearing

6,394

5,206

5,300

4,463

2,992

3,048

2,965

2,590

2,409

2,322

2,180

1,861

Total deposits

6,722

5,478

5,499

4,655

3,121

3,231

3,302

3,176

3,062

2,943

2,901

2,428

Borrowings

444

181

159

62

338

195

67

189

199

56

56

57

Interest payable

-

-

-

-

-

-

-

-

-

-

2

-

Deferred and current tax liabilities, net

-

-

-

-

18

15

12

12

15

12

21

17

Other liabilities

68

58

48

54

21

20

17

15

18

13

12

9

Total liabilities

7,235

5,718

5,707

4,772

3,498

3,462

3,399

3,393

3,296

3,025

2,994

2,512

Commitments and Contingencies

-

-

-

-

-

-

0

0

0

-

0

0

Shareholders' Equity
Common stock, without par value Authorized - 50,000,000 shares Issued and outstanding - 28,742,484 shares at March 31, 2020 and 28,706,438 shares at December 31, 2019

135

135

135

135

135

135

135

134

134

134

28

20

Preferred stock

-

-

-

-

-

-

41

41

41

41

41

41

Retained earnings

323

304

280

265

252

244

232

217

204

192

173

145

Accumulated other comprehensive income

0

0

0

0

0

-0

-1

-1

-1

-1

-0

-0

Total shareholders' equity

672

653

629

515

477

421

407

392

379

367

243

206

Total liabilities and shareholders' equity

7,908

6,371

6,337

5,287

3,976

3,884

3,806

3,786

3,675

3,393

3,237

2,718

8% Preferred Stock
Preferred stock

41

41

41

41

41

41

-

-

-

-

-

-

Total shareholders' equity

-

-

-

41

41

-

-

-

-

-

-

-

7% Preferred Stock
Preferred stock

50

50

50

-

-

-

-

-

-

-

-

-

Total shareholders' equity

-

-

-

72

-

-

-

-

-

-

-

-

6% Preferred Stock
Preferred stock

120

120

120

-

-

-

-

-

-

-

-

-