Merchants Financial Group Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	2018 - 2014
Period Ending	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	2018 - 2014
Cash & Equivalents	36.09	39.06	227.47	849.82	423.97	79.96	Upgrade
Investment Securities	-	8.06	38.53	6.64	10.54	13.47	Upgrade
Trading Asset Securities	-	1.24	1.5	0.07	0.77	-0.36	Upgrade
Mortgage-Backed Securities	232.65	231.87	273.67	197.44	112.1	129.73	Upgrade
Total Investments	232.65	241.17	313.7	204.15	123.41	142.84	Upgrade
Gross Loans	2,199	2,163	1,881	1,613	1,786	1,709	Upgrade
Allowance for Loan Losses	-27	-28.15	-26.11	-28.65	-31.62	-19.29	Upgrade
Other Adjustments to Gross Loans	-	-3.62	-3.35	-5.32	-9.47	-6.94	Upgrade
Net Loans	2,172	2,132	1,852	1,579	1,745	1,682	Upgrade
Property, Plant & Equipment	44.44	46.09	47.95	45.12	39.97	39.14	Upgrade
Goodwill	35.67	35.67	35.67	35.67	35.67	35.67	Upgrade
Other Intangible Assets	0.16	0.32	0.8	1.49	2.41	3.54	Upgrade
Loans Held for Sale	10.57	1.93	6.2	24.07	38.37	36.26	Upgrade
Accrued Interest Receivable	19.41	18.93	13.83	14.14	14.5	12.93	Upgrade
Restricted Cash	-	-	-	-	-	14.82	Upgrade
Other Real Estate Owned & Foreclosed	0.96	1.01	0.81	1.12	2.71	0.44	Upgrade
Other Long-Term Assets	82.33	84.52	82	72.12	68.53	64.7	Upgrade
Total Assets	2,634	2,600	2,580	2,827	2,495	2,113	Upgrade
Interest Bearing Deposits	1,813	1,592	1,573	1,838	1,566	1,286	Upgrade
Institutional Deposits	-	99.94	48.71	59.25	69.4	104.25	Upgrade
Non-Interest Bearing Deposits	440.51	482.29	635.85	620.99	556.8	425.14	Upgrade
Total Deposits	2,254	2,174	2,257	2,519	2,192	1,815	Upgrade
Short-Term Borrowings	41.57	109.75	12.02	1.7	12.72	9.45	Upgrade
Current Portion of Long-Term Debt	-	4.5	-	-	-	-	Upgrade
Accrued Interest Payable	19.46	15.02	13.29	16.91	12.48	11.39	Upgrade
Long-Term Debt	45.63	31.11	53.37	55.79	58.67	66.25	Upgrade
Long-Term Deferred Tax Liabilities	1.18	1.62	3.23	3.37	8.46	13.17	Upgrade
Total Liabilities	2,361	2,336	2,339	2,596	2,284	1,915	Upgrade
Common Stock	0.07	0.07	0.07	0.07	0.07	0.07	Upgrade
Additional Paid-In Capital	10.27	10.27	10.26	10.14	10.06	10.06	Upgrade
Retained Earnings	280.46	273.17	254.09	228.63	206.82	189.35	Upgrade
Comprehensive Income & Other	-18.26	-19.58	-23.25	-8.2	-6.16	-2.24	Upgrade
Shareholders' Equity	272.54	263.94	241.16	230.64	210.79	197.23	Upgrade
Total Liabilities & Equity	2,634	2,600	2,580	2,827	2,495	2,113	Upgrade
Total Debt	87.2	145.37	65.39	57.49	71.39	75.7	Upgrade
Net Cash (Debt)	-51.11	-105.08	163.58	792.39	353.35	3.89	Upgrade
Net Cash Growth	-	-	-79.36%	124.25%	8978.80%	-	Upgrade
Net Cash Per Share	-6.46	-13.29	20.72	100.37	44.28	0.49	Upgrade
Filing Date Shares Outstanding	8.18	7.96	8.18	7.92	7.91	8.07	Upgrade
Total Common Shares Outstanding	8.18	7.96	8.18	7.92	7.91	8.07	Upgrade
Book Value Per Share	33.32	33.16	29.49	29.11	26.66	24.44	Upgrade
Tangible Book Value	236.72	227.95	204.7	193.48	172.72	158.03	Upgrade
Tangible Book Value Per Share	28.94	28.64	25.03	24.42	21.84	19.59	Upgrade

Source: S&P Capital IQ. Banks template. Financial Sources.