Merchants Bancshares Inc (MBVT) Financial Statements (2023 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 millions)Annual | Quarterly
| 3/31/2017 Q1 | 12/31/2016 Q4 | 9/30/2016 Q3 | 6/30/2016 Q2 | 3/31/2016 Q1 | 12/31/2015 Q4 | 9/30/2015 Q3 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 60 | 83 | 79 | 60 | 81 | 150 | 111 | ||
| Cash and cash equivalents | 60 | 83 | 79 | 60 | 81 | 150 | 111 | ||
| Total current assets: | 60 | 83 | 79 | 60 | 81 | 150 | 111 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 13 | 13 | 14 | 14 | 15 | 15 | 15 | ||
| Intangible assets, net (including goodwill) | 8 | 8 | 8 | 8 | 8 | 8 | |||
| Goodwill | 7 | 7 | 7 | 7 | 7 | 7 | |||
| Intangible assets, net (excluding goodwill) | 1 | 1 | 1 | 1 | 1 | 1 | |||
| Amortization method qualified affordable housing project investments | 6 | ||||||||
| Total noncurrent assets: | 21 | 28 | 22 | 22 | 23 | 23 | 15 | ||
| Other undisclosed assets | 1,943 | 1,952 | 1,894 | 1,817 | 1,860 | 1,848 | 1,692 | ||
| TOTAL ASSETS: | 2,024 | 2,063 | 1,995 | 1,899 | 1,964 | 2,021 | 1,818 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 75 | 40 | 22 | 70 | 249 | 287 | 268 | ||
| Total current liabilities: | 75 | 40 | 22 | 70 | 249 | 287 | 268 | ||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 4 | 6 | |||||||
| Qualified affordable housing project investments, commitment | 4 | 6 | |||||||
| Total noncurrent liabilities: | 4 | 6 | |||||||
| Other undisclosed liabilities | 1,790 | 1,862 | 1,814 | 1,672 | 1,562 | 1,581 | 1,418 | ||
| Total liabilities: | 1,865 | 1,906 | 1,836 | 1,742 | 1,811 | 1,873 | 1,686 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 159 | 157 | 158 | 156 | 153 | 148 | 133 | ||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Treasury stock, value | (13) | (14) | (14) | ||||||
| Additional paid in capital | 57 | 56 | 55 | 55 | 55 | 55 | 37 | ||
| Accumulated other comprehensive loss | (6) | (6) | (2) | (2) | (3) | (6) | (3) | ||
| Retained earnings | 115 | 113 | 112 | 110 | 108 | 106 | 106 | ||
| Other undisclosed stockholders' equity attributable to parent | 6 | 7 | (7) | (7) | (7) | (7) | 6 | ||
| Total stockholders' equity: | 159 | 157 | 158 | 156 | 153 | 148 | 133 | ||
| TOTAL LIABILITIES AND EQUITY: | 2,024 | 2,063 | 1,995 | 1,899 | 1,964 | 2,021 | 1,818 | ||
Income Statement (P&L) ($ in millions) Annual | Quarterly
| 3/31/2017 Q1 | 12/31/2016 Q4 | 9/30/2016 Q3 | 6/30/2016 Q2 | 3/31/2016 Q1 | 12/31/2015 Q4 | 9/30/2015 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 16 | 16 | 15 | 15 | 15 | 12 | 14 | |
| Net investment income | 14 | 13 | 13 | 13 | 13 | 12 | 11 | |
| Financial services revenue | 2 | 2 | 2 | 2 | 2 | 1 | 3 | |
| Cost of revenue (Financial Services Costs) | (1) | (1) | (0) | (0) | (0) | |||
| Other undisclosed gross profit | 1 | |||||||
| Gross profit: | 15 | 17 | 15 | 15 | 15 | 12 | 14 | |
| Operating expenses | (9) | (10) | (9) | (8) | (9) | (11) | (8) | |
| Other operating income, net (Noninterest Income, Other Operating Income) | 0 | 0 | 0 | 0 | 0 | 0 | 1 | |
| Operating income: | 6 | 6 | 6 | 7 | 6 | 1 | 7 | |
| Nonoperating income (Investment Income, Nonoperating) | 2 | 2 | 2 | 2 | 2 | 2 | 2 | |
| Interest and debt expense | (1) | (1) | (1) | (1) | (1) | (1) | (1) | |
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (2) | (3) | (2) | (2) | (2) | 0 | (3) | |
| Income from continuing operations before income taxes: | 5 | 4 | 5 | 6 | 5 | 3 | 5 | |
| Income tax expense | (1) | (1) | (1) | (2) | (1) | (1) | (1) | |
| Net income: | 4 | 3 | 4 | 4 | 3 | 2 | 4 | |
| Net income attributable to noncontrolling interest | 1 | |||||||
| Other undisclosed net loss attributable to parent | (1) | |||||||
| Net income available to common stockholders, diluted: | 4 | 3 | 4 | 4 | 3 | 2 | 4 | |
Comprehensive Income ($ in millions)Annual | Quarterly
| 3/31/2017 Q1 | 12/31/2016 Q4 | 9/30/2016 Q3 | 6/30/2016 Q2 | 3/31/2016 Q1 | 12/31/2015 Q4 | 9/30/2015 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 4 | 3 | 4 | 4 | 3 | 2 | 4 | |
| Other comprehensive income (loss) | (0) | (0) | 1 | 3 | (3) | 1 | ||
| Other undisclosed comprehensive loss | (4) | |||||||
| Comprehensive income (loss): | 4 | (1) | 4 | 5 | 6 | (0) | 5 | |
| Other undisclosed comprehensive income, net of tax, attributable to parent | 0 | 0 | ||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 4 | (0) | 4 | 5 | 6 | (0) | 5 | |
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.