Merchants & Marine Bancorp, Inc. Announces First Quarter Financial ResultsPosted by On

PASCAGOULA, Miss.–(BUSINESS WIRE)–Merchants & Marine Bancorp, Inc. (OTCQX: MNMB), the parent company of Merchants & Marine Bank, reported net income for the first quarter of 2023 of $1.161 million, or $0.87 per share, compared with earnings of $158 thousand, or $0.12 per share, for the same period in the prior year. First quarter gross income increased 27.29% to $8.883 million from $6.979 million for the same period in 2022. Total deposits decreased by 17.67% from the same period in t

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