$MBIN
Merchants Bancorp

2022 Q4 Form 10-Q Financial Statement

#000155837022016861 Filed on November 08, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $181.4M $134.1M $77.31M
YoY Change 119.7% 73.46% 1.38%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development $1.325M $1.169M
YoY Change 13.34% 29.46%
% of Gross Profit
Depreciation & Amortization $653.0K $628.0K $500.0K
YoY Change 8.83% 25.6% 0.0%
% of Gross Profit
Operating Expenses $1.325M $1.169M
YoY Change 13.34% 29.46%
Operating Profit
YoY Change
Interest Expense $86.03M $48.73M $8.433M
YoY Change 774.1% 477.81% -22.89%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $74.88M $77.40M $78.60M
YoY Change 2.88% -1.53% 5.34%
Income Tax $17.72M $18.91M $20.10M
% Of Pretax Income 23.67% 24.43% 25.57%
Net Earnings $57.16M $58.49M $58.50M
YoY Change 3.54% -0.03% 6.37%
Net Earnings / Revenue 31.5% 43.61% 75.67%
Basic Earnings Per Share $1.12 $1.22 $1.22
Diluted Earnings Per Share $1.12 $1.352M $1.22
COMMON SHARES
Basic Shares Outstanding 43.11M 43.11M 28.78M
Diluted Shares Outstanding 43.26M 28.88M

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $226.2M $324.0M $802.6M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables $6.000M
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $35.44M $35.49M $31.42M
YoY Change 13.54% 12.95% 7.39%
Goodwill $15.85M $15.85M $15.85M
YoY Change 0.0% 0.0% 0.0%
Intangibles $1.186M $1.307M $1.843M
YoY Change -30.52% -29.08% -30.64%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $12.62B $11.98B $10.95B
YoY Change 11.85% 9.37% 14.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $11.99M $12.29M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $20.40M $17.00M
YoY Change 20.0% -95.72%
Long-Term Debt Due $50.00M $0.00
YoY Change
Total Short-Term Liabilities $61.99M $12.29M $17.00M
YoY Change 264.66% -27.69% -95.72%
LONG-TERM LIABILITIES
Long-Term Debt $21.00M $97.28M $235.0M
YoY Change -95.43% -58.6%
Other Long-Term Liabilities $122.1M $130.3M $64.00M
YoY Change 40.4% 103.52% -8.57%
Total Long-Term Liabilities $143.1M $227.5M $299.0M
YoY Change -73.83% -23.9% 327.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $61.99M $12.29M $17.00M
Total Long-Term Liabilities $143.1M $227.5M $299.0M
Total Liabilities $11.16B $10.57B $9.842B
YoY Change 10.2% 7.36% 12.18%
SHAREHOLDERS EQUITY
Retained Earnings $832.9M $787.5M $610.3M
YoY Change 26.74% 29.05% 49.58%
Common Stock $137.8M $137.2M $137.2M
YoY Change 0.16% 0.02% 0.81%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.460B $1.413B $1.110B
YoY Change
Total Liabilities & Shareholders Equity $12.62B $11.98B $10.95B
YoY Change 11.85% 9.37% 14.92%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income $57.16M $58.49M $58.50M
YoY Change 3.54% -0.03% 6.37%
Depreciation, Depletion And Amortization $653.0K $628.0K $500.0K
YoY Change 8.83% 25.6% 0.0%
Cash From Operating Activities -$858.1M $959.1M -$658.4M
YoY Change -353.44% -245.68% -186.32%
INVESTING ACTIVITIES
Capital Expenditures $583.0K -$1.065M -$600.0K
YoY Change -294.33% 77.5% 50.0%
Acquisitions
YoY Change
Other Investing Activities $187.7M -$1.697B $52.40M
YoY Change -152.13% -3338.55% -106.86%
Cash From Investing Activities $187.1M -$1.698B $51.80M
YoY Change -151.91% -3378.12% -106.78%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 573.3M 804.7M 1.007B
YoY Change 127.66% -20.1% 3602.94%
NET CHANGE
Cash From Operating Activities -858.1M 959.1M -658.4M
Cash From Investing Activities 187.1M -1.698B 51.80M
Cash From Financing Activities 573.3M 804.7M 1.007B
Net Change In Cash -97.80M 65.82M 400.6M
YoY Change -142.52% -83.57% 1440.77%
FREE CASH FLOW
Cash From Operating Activities -$858.1M $959.1M -$658.4M
Capital Expenditures $583.0K -$1.065M -$600.0K
Free Cash Flow -$858.7M $960.2M -$657.8M
YoY Change -353.39% -245.97% -186.2%

Facts In Submission

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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Use of Estimates</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">Material estimates that are particularly susceptible to significant change relate to the determination of the allowance for credit losses on loans, servicing rights and fair values of financial instruments. </p>
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us-gaap Prior Period Reclassification Adjustment Description
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<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-style:italic;font-weight:bold;">Reclassifications</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:18pt;margin:0pt 0pt 12pt 0pt;">Certain reclassifications may have been made to the 2021 financial statements to conform to the financial statement presentation as of and for the three and nine months ended September 30, 2022. These reclassifications had no effect on net income.</p>
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0
CY2022Q3 us-gaap Debt Securities Available For Sale Gain Loss
DebtSecuritiesAvailableForSaleGainLoss
0
us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
34500000
CY2021Q3 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
34500000
us-gaap Debt Securities Available For Sale Gain Loss
DebtSecuritiesAvailableForSaleGainLoss
0
CY2021Q3 us-gaap Debt Securities Available For Sale Gain Loss
DebtSecuritiesAvailableForSaleGainLoss
0
CY2022Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
97497000
CY2022Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
3570000
CY2022Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
209936000
CY2022Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
12046000
CY2022Q3 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
307433000
CY2022Q3 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
15616000
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
247165000
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
1866000
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
24806000
CY2021Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
172000
CY2021Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
271971000
CY2021Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
2038000
mbin Allowance For Loan And Lease Loss Recovery Of Bad Debts Net
AllowanceForLoanAndLeaseLossRecoveryOfBadDebtsNet
17000
us-gaap Debt Securities Trading Unrealized Gain Loss
DebtSecuritiesTradingUnrealizedGainLoss
1100000
us-gaap Debt Securities Trading Unrealized Gain Loss
DebtSecuritiesTradingUnrealizedGainLoss
4900000
CY2022Q3 mbin Accrued Interest On Loans Receivable
AccruedInterestOnLoansReceivable
26500000
CY2021Q4 mbin Accrued Interest On Loans Receivable
AccruedInterestOnLoansReceivable
15400000
CY2022Q3 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
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6958124000
CY2021Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
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5782663000
CY2022Q3 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
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38996000
CY2021Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
31344000
CY2022Q3 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
6919128000
CY2021Q4 us-gaap Loans And Leases Receivable Net Reported Amount
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5751319000
CY2022Q2 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
37474000
CY2022Q3 us-gaap Provision For Loan Losses Expensed
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1709000
CY2022Q3 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
279000
CY2022Q3 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
92000
CY2022Q3 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
38996000
CY2021Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
31344000
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
8458000
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
1257000
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
750000
CY2022Q3 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
38996000
CY2022Q3 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
2200000
CY2022Q3 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
2200000
CY2022Q3 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
1700000
CY2022Q3 us-gaap Off Balance Sheet Credit Loss Liability Credit Loss Expense Reversal
OffBalanceSheetCreditLossLiabilityCreditLossExpenseReversal
500000
CY2022Q3 mbin Provision For Credit Losses Freddie Mac Securitization Transaction
ProvisionForCreditLossesFreddieMacSecuritizationTransaction
0
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
10900000
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
10900000
us-gaap Provision For Loan Losses Expensed
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8500000
us-gaap Off Balance Sheet Credit Loss Liability Credit Loss Expense Reversal
OffBalanceSheetCreditLossLiabilityCreditLossExpenseReversal
1200000
mbin Provision For Credit Losses Freddie Mac Securitization Transaction
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1200000
us-gaap Net Income Loss
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171903000
CY2021Q2 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
28696000
CY2021Q3 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
1079000
CY2021Q3 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
-650000
CY2021Q3 mbin Allowance For Loan And Lease Loss Recovery Of Bad Debts Net
AllowanceForLoanAndLeaseLossRecoveryOfBadDebtsNet
-9000
CY2021Q3 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
29134000
CY2020Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
27500000
us-gaap Provision For Loan And Lease Losses
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2427000
us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
-810000
CY2021Q3 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
29134000
CY2021Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
31344000
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
890000
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
30454000
CY2021Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
5782663000
CY2021Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
43405000
CY2021Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
5739258000
CY2022Q3 us-gaap Financing Receivable Excluding Accrued Interest Year One Originated Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearOneOriginatedCurrentFiscalYear
1623418000
CY2022Q3 us-gaap Financing Receivable Excluding Accrued Interest Year Two Originated Fiscal Year Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearTwoOriginatedFiscalYearBeforeCurrentFiscalYear
1207308000
CY2022Q3 us-gaap Financing Receivable Excluding Accrued Interest Year Three Originated Two Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearThreeOriginatedTwoYearsBeforeCurrentFiscalYear
520148000
CY2022Q3 us-gaap Financing Receivable Excluding Accrued Interest Year Four Originated Three Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFourOriginatedThreeYearsBeforeCurrentFiscalYear
134925000
CY2022Q3 us-gaap Financing Receivable Excluding Accrued Interest Year Five Originated Four Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestYearFiveOriginatedFourYearsBeforeCurrentFiscalYear
29492000
CY2022Q3 us-gaap Financing Receivable Excluding Accrued Interest Originated More Than Five Years Before Current Fiscal Year
FinancingReceivableExcludingAccruedInterestOriginatedMoreThanFiveYearsBeforeCurrentFiscalYear
50374000
CY2022Q3 us-gaap Financing Receivable Excluding Accrued Interest Revolving
FinancingReceivableExcludingAccruedInterestRevolving
3392459000
CY2022Q3 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
6958124000
CY2021Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
5782663000
CY2022Q3 mbin Financing Receivable Number Of Loans Modified Under Cares Act
FinancingReceivableNumberOfLoansModifiedUnderCaresAct
1
CY2021Q4 mbin Financing Receivable Number Of Loans Modified Under Cares Act
FinancingReceivableNumberOfLoansModifiedUnderCaresAct
1
CY2022Q3 mbin Loans And Leases Receivable Amount Outstanding Modified Under Cares Act
LoansAndLeasesReceivableAmountOutstandingModifiedUnderCaresAct
36800000
CY2021Q4 mbin Loans And Leases Receivable Amount Outstanding Modified Under Cares Act
LoansAndLeasesReceivableAmountOutstandingModifiedUnderCaresAct
36800000
CY2022Q3 mbin Financing Receivable Payments Due On Loans Modified In Accordance With Cares Act
FinancingReceivablePaymentsDueOnLoansModifiedInAccordanceWithCaresAct
0
CY2022Q3 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
6958124000
CY2021Q4 us-gaap Loans And Leases Receivable Net Of Deferred Income
LoansAndLeasesReceivableNetOfDeferredIncome
5782663000
CY2021Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
41206000
CY2021Q4 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
41206000
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
17186000
CY2021Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
2199000
CY2021Q4 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
2199000
CY2021Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
890000
CY2021Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
43405000
CY2021Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
43405000
CY2021Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
890000
CY2021Q3 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
16680000
CY2021Q3 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
112000
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
17298000
us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
398000
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
15145000
CY2022Q3 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
26527000
CY2022Q3 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
23000
CY2021Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
524000
CY2021Q4 us-gaap Financing Receivable Recorded Investment90 Days Past Due And Still Accruing
FinancingReceivableRecordedInvestment90DaysPastDueAndStillAccruing
237000
us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
0
CY2021Q3 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
0
us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
0
CY2022Q3 us-gaap Financing Receivable Modifications Number Of Contracts2
FinancingReceivableModificationsNumberOfContracts2
0
us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
0
CY2021Q3 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
0
us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
0
CY2022Q3 us-gaap Financing Receivable Modifications Subsequent Default Number Of Contracts1
FinancingReceivableModificationsSubsequentDefaultNumberOfContracts1
0
CY2022Q3 mbin Financing Receivable Number Of Loans Modified Under Cares Act
FinancingReceivableNumberOfLoansModifiedUnderCaresAct
1
CY2022Q3 mbin Loans And Leases Receivable Amount Outstanding Modified Under Cares Act
LoansAndLeasesReceivableAmountOutstandingModifiedUnderCaresAct
36800000
us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
289000000.0
us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
313000000.0
CY2022Q3 us-gaap Variable Interest Entity Entity Maximum Loss Exposure Amount
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1000000000.0
CY2022Q3 us-gaap Cash Collateral For Borrowed Securities
CashCollateralForBorrowedSecurities
2900000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
145379000
CY2021Q4 us-gaap Cash Collateral For Borrowed Securities
CashCollateralForBorrowedSecurities
3900000
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
11600000
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
12300000
CY2022Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
11569000
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
12292000
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P6Y9M18D
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0263
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
453000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2129000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2297000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1881000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1911000
CY2022Q3 mbin Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
4754000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
13425000
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1133000
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
12292000
CY2022Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
482000
us-gaap Operating Lease Cost
OperatingLeaseCost
1274000
us-gaap Operating Lease Payments
OperatingLeasePayments
1061000
CY2022Q3 us-gaap Net Income Loss
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58488000
CY2021Q3 us-gaap Net Income Loss
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58503000
CY2022Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
5729000
CY2021Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
5729000
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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52759000
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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52774000
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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43107975
CY2022Q3 us-gaap Earnings Per Share Basic
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1.22
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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43176296
CY2021Q3 us-gaap Earnings Per Share Basic
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1.22
CY2022Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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150950
CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
138459
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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43258925
CY2022Q3 us-gaap Earnings Per Share Diluted
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1.22
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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43314755
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
156758000
CY2022Q3 us-gaap Noninterest Income
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29186000
CY2021Q3 us-gaap Earnings Per Share Diluted
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1.22
us-gaap Net Income Loss
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162565000
us-gaap Weighted Average Number Of Shares Outstanding Basic
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43182380
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.37
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43169618
us-gaap Earnings Per Share Basic
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3.63
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
148768
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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131070
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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43331148
us-gaap Earnings Per Share Diluted
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3.36
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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43300688
us-gaap Earnings Per Share Diluted
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3.62
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
165037
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3900000
us-gaap Accelerated Share Repurchases Final Price Paid Per Share
AcceleratedShareRepurchasesFinalPricePaidPerShare
23.85
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
0
CY2021Q3 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
0
us-gaap Payments For Repurchase Of Common Stock
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3935333
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
165037
us-gaap Accelerated Share Repurchases Final Price Paid Per Share
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23.85
CY2021Q4 us-gaap Stock Repurchase Program Authorized Amount1
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75000000
CY2022Q3 us-gaap Interest And Dividend Income Operating
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134112000
CY2022Q3 us-gaap Interest Expense
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48727000
CY2022Q3 us-gaap Interest Income Expense Net
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85385000
CY2022Q3 us-gaap Provision For Loan Lease And Other Losses
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2225000
CY2022Q3 us-gaap Noninterest Expense
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34951000
CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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77395000
CY2022Q3 us-gaap Income Tax Expense Benefit
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18907000
CY2022Q3 us-gaap Net Income Loss
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58488000
CY2022Q3 us-gaap Assets
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11978722000
CY2021Q3 us-gaap Interest And Dividend Income Operating
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77314000
CY2021Q3 us-gaap Interest Expense
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8433000
CY2021Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
68881000
CY2021Q3 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
1079000
CY2021Q3 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
67802000
CY2021Q3 us-gaap Noninterest Income
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40271000
CY2021Q3 us-gaap Noninterest Expense
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29472000
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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78601000
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
20098000
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
58503000
CY2021Q3 us-gaap Assets
Assets
10952033000
us-gaap Interest And Dividend Income Operating
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299394000
us-gaap Interest Expense
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76253000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
223141000
us-gaap Provision For Loan Lease And Other Losses
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10888000
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
212253000
us-gaap Noninterest Income
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102954000
us-gaap Noninterest Expense
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98941000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
216266000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
53701000
us-gaap Net Income Loss
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162565000
CY2022Q3 us-gaap Assets
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11978722000
us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
229301000
us-gaap Interest Expense
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24050000
us-gaap Interest Income Expense Net
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205251000
us-gaap Provision For Loan Lease And Other Losses
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2427000
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
202824000
us-gaap Noninterest Income
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117062000
us-gaap Noninterest Expense
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87739000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
232147000
us-gaap Income Tax Expense Benefit
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60244000
us-gaap Net Income Loss
NetIncomeLoss
171903000
CY2021Q3 us-gaap Assets
Assets
10952033000

Files In Submission

Name View Source Status
mbin-20220930_lab.xml Edgar Link unprocessable
mbin-20220930_cal.xml Edgar Link unprocessable
mbin-20220930_pre.xml Edgar Link unprocessable
0001558370-22-016861-index-headers.html Edgar Link pending
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0001558370-22-016861.txt Edgar Link pending
0001558370-22-016861-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
mbin-20220930.xsd Edgar Link pending
mbin-20220930x10q.htm Edgar Link pending
mbin-20220930xex31d1.htm Edgar Link pending
mbin-20220930x10q_htm.xml Edgar Link completed
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report.css Edgar Link pending
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FilingSummary.xml Edgar Link unprocessable
mbin-20220930_def.xml Edgar Link unprocessable