Mercer Bancorp Inc (OTC: MSBB) is a community banking company that originates and holds loans secured by real estate, agricultural properties, and consumer assets. It earns money primarily through net interest income, the spread between interest collected on loans and investment securities and interest paid on deposits. As of September 30, 2025, total loans stood at approximately $144.0 million, with residential real estate loans at 54.7% of the portfolio, agricultural real estate loans at 32.2%, and construction, home equity, consumer, and commercial loans making up the remainder. Total deposits were $138.1 million as of September 30, 2025, funded across noninterest-bearing demand (10.8%), interest-bearing demand (21.8%), savings (35.2%), and certificates of deposit (32.2%). The bank does not pay a common stock dividend as of the 10-K filed December 19, 2025. A share repurchase program adopted December 18, 2024 authorizes up to 102,297 shares; 26,997 shares had been repurchased for $386,000 as of September 30, 2025.

Revenue model

Net interest income from loans and investment securities, supplemented by noninterest income including service fees on deposits, late charges and fees on loans, loan servicing fees, and gains on sale of loans and investments.

Products and services

Residential real estate loans ($78.8M, 54.7% of total loans at September 30, 2025), agricultural real estate loans ($46.3M, 32.2%), construction and land loans ($4.3M, 3.0%), home equity lines of credit ($4.8M, 3.3%), consumer loans ($5.1M, 3.5%), multifamily real estate loans ($1.2M, 0.8%), commercial real estate loans ($2.3M, 1.6%), commercial and industrial loans ($1.2M, 0.9%). Deposit products include noninterest-bearing demand, interest-bearing demand, savings accounts, and certificates of deposit.

Customers and end markets

Individual residential borrowers, agricultural operators secured by owner-occupied farmland in the primary market area, and consumer and small commercial borrowers. End markets are residential real estate, agricultural real estate, and local consumer lending.

Value-chain role

Community bank and loan originator. Originates, underwrites, and holds loans on balance sheet. Also services loans and sells select loans generating gain-on-sale income. Funds operations through retail deposit gathering.

Geographic exposure

Primary market area described as local farmland and surrounding community; specific state or region not identified in the filing excerpts provided.

Source: SEC 10-K, filed 2025-12-19

Industry: Savings Institutions, Not Federally Chartered