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Merchants and Manufacturers Bank

Joliet, IL · Cert 20040

FDIC · 5 branches

Q1 2024

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 2024, the quarter ended March 31, 2024, 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 and Manufacturers Bank

Joliet, IL · Cert 20040

FDIC · 5 branches

Q1 2024

$477.6MAssets
$426.3MLoans
$393.4MDeposits
$41.5MEquity
Loan mix
27%RE $110.0M24%C&I $97.4M50%Consumer $205.2MQ1 2023Q1 2024
Deposit mix
79%Interest-bearing $311.6M21%Noninterest $81.9MQ1 2023Q1 2024

NIM

4.10%Q1 ’226.76%Q1 ’237.12%Q1 ’24+38%-18%

Non-interest income vs. expense

3.19%Q1 ’223.08%Q1 ’232.93%Q1 ’24-5%-3%

Market Position · Chicago-Naperville-Elgin, IL-IN · 2023 SOD (annual) · 0.1% share · #81 of 158 inst. · $0.4B of $568.8B

1.2% Will
0.2% Dupage

Executive Summary

  • Earnings: ROA of 1.31%, down 40 bps year over year; NIM at 4.43%.
  • Asset quality: problem loans at 0.00% of loans (-20 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 9.16%, up 15 bps from a year ago.
  • Funding: loans stand at 108.36% of deposits as of Q1 2024.

Financial Results

Return on Assets (YTD, annualized)

1.31%-40 bps YoY

Net Interest Margin (YTD, annualized)

4.43%-96 bps YoY

Efficiency Ratio (YTD, annualized)

62.79%+878 bps YoY

Tier 1 Leverage Ratio

9.16%+15 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2023Q2 2023Q3 2023Q4 2023Q1 2024YoY ΔTrend
Earnings
Return on Assets1.70%1.60%1.56%1.57%1.31%-40 bps
Return on Equity20.43%19.17%18.79%18.88%15.37%-506 bps
Net Interest Margin5.39%5.06%4.87%4.70%4.43%-96 bps
Efficiency Ratio54.01%55.47%55.60%56.16%62.79%+878 bps
Non-Interest Burden2.77%2.67%2.58%2.52%2.69%-8 bps
Growth
Asset Growth (YoY)21.59%20.56%22.74%16.97%8.68%-1,291 bps
Loan Growth (YoY)20.94%22.37%19.35%12.50%8.27%-1,267 bps
Deposit Growth (YoY)16.49%17.01%28.51%18.39%13.06%-343 bps
Asset Quality
Nonperforming Loans / Loans0.20%0.18%0.18%0.00%0.00%-20 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.02%1.03%1.02%1.00%0.95%-7 bps
Allowance Coverage of NPLs5.2x5.6x5.7xn/an/an/a
Capital
Tier 1 Leverage Ratio9.02%9.01%9.02%9.04%9.16%+15 bps
Total Risk-Based Capital10.53%10.76%10.89%10.88%10.87%+34 bps
Equity / Assets8.30%8.39%8.22%8.33%8.68%+38 bps
Liquidity & Funding
Loans / Deposits113.15%109.94%101.78%103.42%108.36%-479 bps
Liquid Assets / Assets6.16%7.18%9.86%9.72%6.48%+32 bps
CRE / Total Capitaln/an/an/an/an/an/an/a