Merchants & Marine Bancorp Inc
Merchants & Marine Bancorp, Inc. operates as the holding company for Merchants & Marine Bank that provides personal and business banking products and services. The company offers checking and savings accounts, and individual retirement accounts, as well as certificates of deposit. It also provides personal, auto, boat, recreation vehicle, mortgage, adjustable-rate mortgage, construction, home equ… Read more
Merchants & Marine Bancorp Inc (MNMB) - Net Assets
Latest net assets as of June 2025: $125.82 Million USD
Based on the latest financial reports, Merchants & Marine Bancorp Inc (MNMB) has net assets worth $125.82 Million USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($948.97 Million) and total liabilities ($823.15 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $125.82 Million |
| % of Total Assets | 13.26% |
| Annual Growth Rate | 6.07% |
| 5-Year Change | 54.07% |
| 10-Year Change | 90.7% |
| Growth Volatility | 12.37 |
Merchants & Marine Bancorp Inc - Net Assets Trend (2008–2024)
This chart illustrates how Merchants & Marine Bancorp Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Merchants & Marine Bancorp Inc (2008–2024)
The table below shows the annual net assets of Merchants & Marine Bancorp Inc from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $126.05 Million | +1.86% |
| 2023-12-31 | $123.75 Million | +2.36% |
| 2022-12-31 | $120.89 Million | +47.23% |
| 2021-12-31 | $82.11 Million | +0.36% |
| 2020-12-31 | $81.81 Million | +5.58% |
| 2019-12-31 | $77.49 Million | +8.68% |
| 2018-12-31 | $71.30 Million | +1.30% |
| 2017-12-31 | $70.39 Million | +3.64% |
| 2016-12-31 | $67.92 Million | +2.75% |
| 2015-12-31 | $66.10 Million | +20.96% |
| 2011-12-31 | $54.64 Million | +4.38% |
| 2010-12-31 | $52.35 Million | +2.68% |
| 2009-12-31 | $50.98 Million | +3.92% |
| 2008-12-31 | $49.06 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Merchants & Marine Bancorp Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 109.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $71.19 Million | 56.48% |
| Other Components | $54.86 Million | 43.52% |
| Total Equity | $126.05 Million | 100.00% |
Merchants & Marine Bancorp Inc Competitors by Market Cap
The table below lists competitors of Merchants & Marine Bancorp Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Citizens Bancorp of Virginia Inc
PINK:CZBT
|
$48.85 Million |
|
PC Gold Ltd
AU:PC2
|
$48.89 Million |
|
Ascend Wellness Holdings Inc
OTCQX:AAWH
|
$48.90 Million |
|
Security Federal Corporation
PINK:SFDL
|
$48.91 Million |
|
Hathway Cable & Datacom Limited
NSE:HATHWAY
|
$48.75 Million |
|
NCL Industries Limited
NSE:NCLIND
|
$48.74 Million |
|
Lifetime Brands Inc
NASDAQ:LCUT
|
$48.74 Million |
|
GODAVARIB
NSE:GODAVARIB
|
$48.73 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Merchants & Marine Bancorp Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 123,749,507 to 126,050,201, a change of 2,300,694 (1.9%).
- Net income of 5,935,616 contributed positively to equity growth.
- Dividend payments of 2,457,427 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $5.94 Million | +4.71% |
| Dividends Paid | $2.46 Million | -1.95% |
| Other Changes | $-1.18 Million | -0.93% |
| Total Change | $- | 1.86% |
Book Value vs Market Value Analysis
This analysis compares Merchants & Marine Bancorp Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.44x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.79x to 0.44x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $52.91 | $41.90 | x |
| 2018-12-31 | $53.60 | $41.90 | x |
| 2019-12-31 | $58.25 | $41.90 | x |
| 2020-12-31 | $61.50 | $41.90 | x |
| 2021-12-31 | $61.72 | $41.90 | x |
| 2022-12-31 | $90.87 | $41.90 | x |
| 2023-12-31 | $93.02 | $41.90 | x |
| 2024-12-31 | $94.75 | $41.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Merchants & Marine Bancorp Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.71%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.10%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 5.67x
- Recent ROE (4.71%) is below the historical average (5.93%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 9.64% | 20.30% | 0.05x | 8.89x | $-176.44K |
| 2009 | 6.49% | 16.11% | 0.05x | 8.84x | $-1.79 Million |
| 2010 | 9.39% | 21.30% | 0.05x | 9.62x | $-319.40K |
| 2011 | 7.56% | 18.54% | 0.04x | 10.16x | $-1.33 Million |
| 2015 | 6.60% | 18.34% | 0.04x | 8.51x | $-2.25 Million |
| 2016 | 7.38% | 21.65% | 0.04x | 8.30x | $-1.78 Million |
| 2017 | 5.00% | 15.60% | 0.04x | 7.91x | $-3.52 Million |
| 2018 | 5.99% | 18.79% | 0.04x | 7.83x | $-2.86 Million |
| 2019 | 5.36% | 17.27% | 0.04x | 7.43x | $-3.60 Million |
| 2020 | 4.91% | 15.91% | 0.04x | 7.90x | $-4.16 Million |
| 2021 | 2.66% | 8.03% | 0.04x | 8.26x | $-6.03 Million |
| 2022 | 2.46% | 9.80% | 0.04x | 5.68x | $-9.12 Million |
| 2023 | 4.87% | 14.78% | 0.06x | 5.54x | $-6.34 Million |
| 2024 | 4.71% | 13.10% | 0.06x | 5.67x | $-6.67 Million |
Industry Comparison
This section compares Merchants & Marine Bancorp Inc's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Merchants & Marine Bancorp Inc (MNMB) | $125.82 Million | 9.64% | 6.54x | $48.84 Million |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |