Merchants & Marine Bancorp Inc
OTCQX US:MNMB

  • LAST PRICE
    45.5000
  • TODAY'S CHANGE (%)
    1.0000 (2.2472%)
  • Bid / Lots
    44.5000/ 2
  • Ask / Lots
    47.2500/ 2
  • Open / Previous Close
    45.5000 / 44.5000
  • Day Range
    45.5000
    45.5000
  • 52 Week Range
    43.1000
    51.5000
  • Volume
    286

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  • Oct 30, 2024

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    • 11:22AM ET on Wednesday Oct 30, 2024 by Dow Jones
      Companies Mentioned: MNMB
      DIVIDENDS PAYABLE 399,101.40 399,101.40 TOTAL OTHER LIABILITIES 11,448,136.35 8,534,018.02 Stockholders' Equity Preferred Stock $ 50,595,000.00 $ 50,595,000.00 Common Stock 3,325,845.00 3,325,845.00 Earned Surplus 14,500,000.00 14,500,000.00 Undivided Profits 66,518,636.48 62,415,023.30 Current Profits 3,398,529.15 5,165,536.00 Total Unrealized Gain/Loss AFS (6,619,692.40) (13,204,315.77) Defined Benefit Pension FASB 158 (3,824,509.00) (4,579,613.00) --------------- --------------- TOTAL CAPITAL 127,893,809.23 118,217,475.53 --------------- --------------- TOTAL LIABILITIES & CAPITAL $ 725,730,021.18 $ 645,549,287.07 =============== =============== MERCHANTS & MARINE BANCORP, INC. CONSOLIDATED FINANCIALS (UNAUDITED) INCOME STATEMENT --------------------------------------------------------------- ------------- NINE MONTHS NINE MONTHS ENDED SEP 30, ENDED SEP 30, ACCOUNT NAME 2024 Q3-Only 2024 2023 Q3-Only 2023 --------------- -------------- -------------- -------------- -------------- Interest & Fees on Loans $23,328,827.13 $ 8,261,508.12 $18,788,173.73 $ 6,723,277.64 Interest on Securities Portfolio 5,916,281.34 2,173,659.22 3,571,738.56 1,177,347.67 Interest on Fed Funds & EBA 410,130.11 160,127.11 633,211.89 219,073.98 ------------- ------------- ------------- ------------- TOTAL INTEREST INCOME 29,655,238.58 10,595,294.45 22,993,124.18 8,119,699.29 Total Service Charges 2,479,264.81 847,904.68 2,188,100.25 774,755.65 Total Miscellaneous Income 5,204,625.77 1,551,282.14 7,140,621.31 5,071,374.99 ------------- ------------- ------------- ------------- TOTAL NON INT INCOME 7,683,890.58 2,399,186.82 9,328,721.56 5,846,130.64 Gains/(Losses) on Secs 223,935.49 40,099.63 - - Gains/(Losses) on Sales REO 823.47 - 36,786.16 9,786.16 Gains/(Losses) on Sale of Loans - - - - ------------- ------------- ------------- ------------- TOTAL INCOME 37,563,888.12 13,034,580.90 32,358,631.90 13,975,616.09 TOTAL INT ON DEPOSITS 1,773,769.43 489,155.54 1,047,526.46 393,616.58 Int Fed Funds Purchased/Sec Sold Repo 1,712,514.85 649,633.12 3,701.89 1,234.37 ------------- ------------- ------------- ------------- TOTAL INT EXPENSE 3,486,284.28 1,138,788.66 1,051,228.35 394,850.95 PROVISION-LOAN LOSS 440,102.91 311,257.09 42,683.63 43,913.77 Salary & Employee Benefits 16,140,971.36 5,048,511.07 13,217,465.24 5,039,563.24 Total Premises Expense 6,312,221.13 2,204,214.20 4,787,752.01 1,673,732.43 FDIC, Sales and Franchise 411,291.48 163,289.70 359,679.46 158,464.76 Professional Fees 1,686,099.83 353,868.42 1,497,074.22 367,237.12 Miscellaneous Office Expense 640,205.90 194,811.53 606,819.66 222,725.41 Dues, Donations and Advertising 620,488.99 218,769.52 906,999.65 457,024.37 Checking, ATM/Debit Card Expenses 1,556,349.63 498,149.95 1,323,649.47 410,971.32 ORE Expenses 1,169.64 300.00 8,148.12 3,948.12 Total Miscellaneous Expense 1,917,512.15 587,151.33 1,948,843.71 782,192.57 ------------- ------------- ------------- ------------- TOTAL OTHER OPERATING 29,286,310.11 9,269,065.72 24,656,431.54 9,115,859.34 FEDERAL & STATE INCOME TAXES 677,200.00 386,700.00 1,442,752.38 1,126,000.00 TOTAL EXPENSES 33,889,897.30 11,105,811.47 27,193,095.90 10,680,624.06 ------------- ------------- ------------- ------------- NET INCOME $ 3,673,990.82 $ 1,928,769.43 $ 5,165,536.00 $ 3,294,992.03 Preferred Stock Dividends $ 275,461.67 $ 252,975.00 $ - $ - ============= ============= ============= ============= NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $ 3,398,529.15 $ 1,675,794.43 $ 5,165,536.00 $ 3,294,992.03

    • 11:09AM ET on Wednesday Oct 30, 2024 by Dow Jones
      Companies Mentioned: MNMB
      DIVIDENDS PAYABLE 399,101.40 399,101.40 TOTAL OTHER LIABILITIES 11,448,136.35 8,534,018.02 Stockholders' Equity Preferred Stock $ 50,595,000.00 $ 50,595,000.00 Common Stock 3,325,845.00 3,325,845.00 Earned Surplus 14,500,000.00 14,500,000.00 Undivided Profits 66,518,636.48 62,415,023.30 Current Profits 3,398,529.15 5,165,536.00 Total Unrealized Gain/Loss AFS (6,619,692.40) (13,204,315.77) Defined Benefit Pension FASB 158 (3,824,509.00) (4,579,613.00) --------------- --------------- TOTAL CAPITAL 127,893,809.23 118,217,475.53 --------------- --------------- TOTAL LIABILITIES & CAPITAL $ 725,730,021.18 $ 645,549,287.07 =============== =============== MERCHANTS & MARINE BANCORP, INC. CONSOLIDATED FINANCIALS (UNAUDITED) INCOME STATEMENT --------------------------------------------------------------- ------------- NINE MONTHS NINE MONTHS ENDED SEP 30, ENDED SEP 30, ACCOUNT NAME 2024 Q3-Only 2024 2023 Q3-Only 2023 --------------- -------------- -------------- -------------- -------------- Interest & Fees on Loans $23,328,827.13 $ 8,261,508.12 $18,788,173.73 $ 6,723,277.64 Interest on Securities Portfolio 5,916,281.34 2,173,659.22 3,571,738.56 1,177,347.67 Interest on Fed Funds & EBA 410,130.11 160,127.11 633,211.89 219,073.98 ------------- ------------- ------------- ------------- TOTAL INTEREST INCOME 29,655,238.58 10,595,294.45 22,993,124.18 8,119,699.29 Total Service Charges 2,479,264.81 847,904.68 2,188,100.25 774,755.65 Total Miscellaneous Income 5,204,625.77 1,551,282.14 7,140,621.31 5,071,374.99 ------------- ------------- ------------- ------------- TOTAL NON INT INCOME 7,683,890.58 2,399,186.82 9,328,721.56 5,846,130.64 Gains/(Losses) on Secs 223,935.49 40,099.63 - - Gains/(Losses) on Sales REO 823.47 - 36,786.16 9,786.16 Gains/(Losses) on Sale of Loans - - - - ------------- ------------- ------------- ------------- TOTAL INCOME 37,563,888.12 13,034,580.90 32,358,631.90 13,975,616.09 TOTAL INT ON DEPOSITS 1,773,769.43 489,155.54 1,047,526.46 393,616.58 Int Fed Funds Purchased/Sec Sold Repo 1,712,514.85 649,633.12 3,701.89 1,234.37 ------------- ------------- ------------- ------------- TOTAL INT EXPENSE 3,486,284.28 1,138,788.66 1,051,228.35 394,850.95 PROVISION-LOAN LOSS 440,102.91 311,257.09 42,683.63 43,913.77 Salary & Employee Benefits 16,140,971.36 5,048,511.07 13,217,465.24 5,039,563.24 Total Premises Expense 6,312,221.13 2,204,214.20 4,787,752.01 1,673,732.43 FDIC, Sales and Franchise 411,291.48 163,289.70 359,679.46 158,464.76 Professional Fees 1,686,099.83 353,868.42 1,497,074.22 367,237.12 Miscellaneous Office Expense 640,205.90 194,811.53 606,819.66 222,725.41 Dues, Donations and Advertising 620,488.99 218,769.52 906,999.65 457,024.37 Checking, ATM/Debit Card Expenses 1,556,349.63 498,149.95 1,323,649.47 410,971.32 ORE Expenses 1,169.64 300.00 8,148.12 3,948.12 Total Miscellaneous Expense 1,917,512.15 587,151.33 1,948,843.71 782,192.57 ------------- ------------- ------------- ------------- TOTAL OTHER OPERATING 29,286,310.11 9,269,065.72 24,656,431.54 9,115,859.34 FEDERAL & STATE INCOME TAXES 677,200.00 386,700.00 1,442,752.38 1,126,000.00 TOTAL EXPENSES 33,889,897.30 11,105,811.47 27,193,095.90 10,680,624.06 ------------- ------------- ------------- ------------- NET INCOME $ 3,673,990.82 $ 1,928,769.43 $ 5,165,536.00 $ 3,294,992.03 Preferred Stock Dividends $ 275,461.67 $ 252,975.00 $ - $ - ============= ============= ============= ============= NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $ 3,398,529.15 $ 1,675,794.43 $ 5,165,536.00 $ 3,294,992.03