Merchants Bancshares Inc (MBVT) Financial Statements (2024 and earlier)

Company Profile

Business Address 275 KENNEDY DRIVE
SOUTH BURLINGTON, VT 05403
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2017
MRQ
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 82,953150,183154,459115,47177,228
Cash and cash equivalents 82,953150,183154,459115,47177,228
Total current assets: 82,953150,183154,459115,47177,228
Noncurrent Assets
Property, plant and equipment 13,07815,03015,49215,57216,077
Intangible assets, net (including goodwill) 8,1678,327 
Goodwill 7,0116,967   
Intangible assets, net (excluding goodwill) 1,1561,360   
Investment, proportional amortization method, elected, amount 6,360 
Total noncurrent assets: 27,60523,35715,49215,57216,077
Other undisclosed assets 1,952,1001,847,6971,553,5131,594,4261,615,245
TOTAL ASSETS: 2,062,6582,021,2371,723,4641,725,4691,708,550
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 40,000286,639   
Total current liabilities: 40,000286,639   
Noncurrent Liabilities
Liabilities, other than long-term debt 3,6806,010   
Investment program, proportional amortization method, elected, commitment 3,6806,010
Total noncurrent liabilities: 3,6806,010   
Other undisclosed liabilities 1,862,4751,580,5341,597,6431,605,8581,590,329
Total liabilities: 1,906,1551,873,1831,597,6431,605,8581,590,329
Equity
Equity, attributable to parent, including: 156,503148,054125,821119,611118,221
Common stock 7272676767
Treasury stock, value (13,670)    
Additional paid in capital 55,80655,06337,40437,12936,742
Accumulated other comprehensive income (loss) (5,782)(6,023)(5,048)(5,720)2,215
Retained earnings 113,407106,219100,69795,65787,580
Other undisclosed equity, attributable to parent 6,670(7,277)(7,299)(7,522)(8,383)
Total equity: 156,503148,054125,821119,611118,221
TOTAL LIABILITIES AND EQUITY: 2,062,6582,021,2371,723,4641,725,4691,708,550

Income Statement (P&L) ($ in thousands)

3/31/2017
TTM
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues 60,62152,446   
Net investment income 52,18544,337   
Financial services revenue 8,4368,109   
Cost of revenue
(Financial Services Costs)
  (250)   
Gross profit: 60,62152,196   
Operating expenses (36,378)(33,111)(24,530)(22,307)(22,333)
Other operating income, net
(Noninterest Income, Other Operating Income)
 1,6391,8471,2611,0884,644
Operating income (loss): 25,88220,932(23,269)(21,219)(17,689)
Nonoperating income 7,5557,7798,2419,76611,841
Investment income, nonoperating 7,5557,7797,9659,74611,834
Interest and debt expense (4,500)(4,052)(4,525)(5,070)(6,883)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (9,365)(8,856)35,21035,63231,902
Income from continuing operations before income taxes: 19,57215,80315,65719,10919,171
Income tax expense (4,689)(3,185)(3,532)(3,978)(3,977)
Income from continuing operations: 14,88312,61812,12515,13115,194
Income before gain (loss) on sale of properties: 14,88312,61812,12515,13115,194
Net income: 14,88312,61812,12515,13115,194
Net loss attributable to noncontrolling interest   (1,257)(1,039)(1,516)
Other undisclosed net income attributable to parent   1,2571,0391,516
Net income available to common stockholders, diluted: 14,88312,61812,12515,13115,194

Comprehensive Income ($ in thousands)

3/31/2017
TTM
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income: 14,88312,61812,12515,13115,194
Other comprehensive income (loss)  (975)672(7,935)(887)
Comprehensive income: 14,88311,64312,7977,19614,307
Other undisclosed comprehensive income, net of tax, attributable to parent 241    
Comprehensive income, net of tax, attributable to parent: 15,12411,64312,7977,19614,307

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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