Merchants Financial Group, Inc. (MFGI) reported net income of $6,948,081 for the first six months of the year.
The income is both ahead of plan and ahead of last year's income of $6,104,872 for the first half of the year, according to MFGI President & CEO Rod Nelson.
Nelson pointed out that MFGI has continued its focus on credit quality and has experienced significant loan growth. Mortgage activity, while not at the levels of the past several years, also contributed positively to growth.
Nelson says that as he looks forward to the remainder of the year, he expects continued strong performance, including achieving planned income for the last six months of the year.