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Merchants Bank

Jackson, AL · Cert 18637

FDIC · 6 branches

Q1 2019

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q1 2019, the quarter ended March 31, 2019, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Merchants Bank

Jackson, AL · Cert 18637

FDIC · 6 branches

Q1 2019

$225.2MAssets
$153.7MLoans
$205.3MDeposits
$19.0MEquity
Loan mix
83%RE $102.4M10%C&I $12.5M7%Consumer $9.1MQ1 2018Q1 2019
Deposit mix
79%Interest-bearing $162.6M21%Noninterest $42.6MQ1 2018Q1 2019

NIM

3.88%Q1 ’174.10%Q1 ’184.26%Q1 ’19+6%+2%

Non-interest income vs. expense

3.52%Q1 ’173.44%Q1 ’186.27%Q1 ’19-1%+103%

Market Position · Mobile, AL · 2018 SOD (annual) · 0.3% share · #20 of 21 inst. · $0.0B of $7.1B

30.6% Clarke
0.3% Mobile

Executive Summary

  • Earnings: ROA of -2.17%, down 299 bps year over year; NIM at 3.72%.
  • Asset quality: problem loans at 1.43% of loans (-60 bps YoY), with net charge-offs at 0.17%.
  • Capital: tier 1 leverage ratio of 8.89%, down 281 bps from a year ago.
  • Funding: loans stand at 74.88% of deposits as of Q1 2019.

Financial Results

Return on Assets (YTD, annualized)

-2.17%-299 bps YoY

Net Interest Margin (YTD, annualized)

3.72%+9 bps YoY

Efficiency Ratio (YTD, annualized)

141.42%+6,199 bps YoY

Tier 1 Leverage Ratio

8.89%-281 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2018Q2 2018Q3 2018Q4 2018Q1 2019YoY ΔTrend
Earnings
Return on Assets0.82%1.13%1.09%0.95%-2.17%-299 bps
Return on Equity7.33%10.06%9.64%8.36%-21.50%-2,884 bps
Net Interest Margin3.63%3.66%3.71%3.76%3.72%+9 bps
Efficiency Ratio79.43%73.24%74.12%77.30%141.42%+6,199 bps
Non-Interest Burden2.74%2.46%2.54%2.73%5.55%+282 bps
Growth
Asset Growth (YoY)2.33%2.37%2.85%1.18%3.60%+127 bps
Loan Growth (YoY)7.46%9.05%8.56%5.78%6.04%-141 bps
Deposit Growth (YoY)2.20%2.80%2.97%1.87%6.40%+420 bps
Asset Quality
Nonperforming Loans / Loans2.03%1.73%1.62%1.71%1.43%-60 bps
Net Charge-Offs / Loans0.07%-0.08%0.01%0.03%0.17%+9 bps
Allowance / Loans1.04%1.08%1.01%0.99%1.10%+6 bps
Allowance Coverage of NPLs0.5x0.6x0.6x0.6x0.8x+0.3x
Capital
Tier 1 Leverage Ratio11.70%11.97%12.16%12.27%8.89%-281 bps
Total Risk-Based Capital16.92%17.18%17.04%17.02%12.83%-409 bps
Equity / Assets11.07%11.38%11.33%11.76%8.45%-262 bps
Liquidity & Funding
Loans / Deposits75.13%76.88%77.81%79.37%74.88%-25 bps
Liquid Assets / Assets4.04%3.87%4.42%2.79%5.73%+169 bps
CRE / Total Capitaln/an/an/an/an/an/an/a