Merchants & Marine Bancorp, Inc. Announces Fourth 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 final quarter of 2022 of $1.170 million, or $0.88 per share, compared with earnings of $103 thousand, or $0.08 per share, for the same period in the prior year. Fourth quarter gross income increased 34.76% to $8.637 million from $6.409 million for the same period in 2021. Total deposits decreased by 5.46% from the same period in t

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