Mercer Bancorp, Inc. reported a net income of $972,000 for the fiscal year ending September 30, 2025, marking a 40.4% increase from the previous year's net income of $693,000. This growth was primarily driven by a $1.1 million increase in net interest income, which rose to $6.8 million, reflecting a favorable interest rate environment. However, the company experienced a decrease in non-interest income, which fell by 40.3% to $505,000, largely due to a non-recurring incentive received in the prior year. Total assets decreased by 3.1% to $176.2 million, influenced by a decline in loans and investment securities.
In terms of operational changes, Mercer Bancorp completed its mutual to stock conversion and initial stock offering in July 2023, raising approximately $9.7 million. The company has since focused on expanding its loan portfolio, particularly in residential and agricultural real estate, which constituted 54.7% and 32.2% of total loans, respectively, as of September 30, 2025. The company also initiated an indirect automobile lending program in January 2023, which contributed $4.1 million to the loan portfolio.
Customer engagement metrics indicate that total deposits increased by 7.0% to $144.0 million, with core deposits rising to $93.7 million, representing 65.1% of total deposits. The company has also expanded its geographic footprint by opening a new branch in Berne, Indiana, and adding a mobile branch to enhance customer access. As of September 30, 2025, Mercer Bancorp employed 38 individuals, including 31 full-time staff.
The company’s outlook remains cautiously optimistic, with plans to continue diversifying its loan portfolio and enhancing its core deposit base. Management aims to maintain strong asset quality through conservative underwriting practices while exploring opportunities for organic growth and potential acquisitions. The company is also preparing to market indirect auto loan pools to investors in the second quarter of 2026, which is expected to further enhance fee income. Overall, Mercer Bancorp is positioned to navigate the evolving financial landscape while focusing on long-term value creation for its shareholders.
About Mercer Bancorp, Inc.
Mercer Bancorp is a bank holding company that owns Mercer Savings Bank, a community-focused Ohio bank. It provides residential and agricultural real estate loans, auto and consumer loans, and deposit services in rural Ohio and Indiana markets. The company emphasizes asset quality, risk management, and community banking, generating revenue primarily through interest income, fee-based auto lending, and deposit gathering in a competitive regional environment.
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