Merchants Bancshares Inc (MBVT) financial statements (2020 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8315015411577
Cash and cash equivalents8315015411577
Total current assets:8315015411577
Noncurrent Assets
Property, plant and equipment1315151616
Intangible assets, net (including goodwill)88 
Goodwill77   
Intangible assets, net (excluding goodwill)11   
Amortization method qualified affordable housing project investments6 
Total noncurrent assets:2823151616
Other undisclosed assets1,9521,8481,5541,5941,615
TOTAL ASSETS:2,0632,0211,7231,7251,709
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt40287   
Total current liabilities:40287   
Noncurrent Liabilities
Liabilities, other than long-term debt46   
Qualified affordable housing project investments, commitment46
Total noncurrent liabilities:46   
Other undisclosed liabilities1,8621,5811,5981,6061,590
Total liabilities:1,9061,8731,5981,6061,590
Stockholders' equity
Stockholders' equity attributable to parent, including:157148126120118
Common stock00000
Treasury stock, value(14)    
Additional paid in capital5655373737
Accumulated other comprehensive income (loss)(6)(6)(5)(6)2
Retained earnings1131061019688
Other undisclosed stockholders' equity attributable to parent7(7)(7)(8)(8)
Total stockholders' equity:157148126120118
TOTAL LIABILITIES AND EQUITY:2,0632,0211,7231,7251,709

Income statement (P&L) ($ in millions)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues6152   
Net investment income5244   
Financial services revenue88   
Cost of revenue
(Financial Services Costs)
 (0)   
Gross profit:6152   
Operating expenses(36)(33)(25)(22)(22)
Other operating income, net
(Noninterest Income, Other Operating Income)
22115
Operating income (loss):2621(23)(21)(18)
Nonoperating income8881012
Investment income, nonoperating8881012
Interest and debt expense(5)(4)(5)(5)(7)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(9)(9)353632
Income from continuing operations before income taxes:2016161919
Income tax expense(5)(3)(4)(4)(4)
Net income:1513121515
Net loss attributable to noncontrolling interest  (1)(1)(2)
Other undisclosed net income attributable to parent  112
Net income available to common stockholders, diluted:1513121515

Comprehensive Income ($ in millions)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income:1513121515
Other comprehensive income (loss) (1)1(8)(1)
Comprehensive income:151213714
Other undisclosed comprehensive income, net of tax, attributable to parent0    
Comprehensive income, net of tax, attributable to parent:151213714

Statements sources

The financial statements are based on the company's filings with the 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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