Insider Trading Arrangements - Scott A. Evans	3 Months Ended
	Sep. 30, 2024 shares
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	During the three months ended September 30, 2024, Scott A. Evans, a director and the Richmond Market President and Chief Operating Officer of Merchants Bank, adopted a stock trading plan on August 7, 2024 intended to satisfy the affirmative defense of Rule 10b5-1(c), pursuant to which he may sell up to 25,000 shares of our common stock prior to March 13, 2025.
Name	Scott A. Evans
Title	director and the Richmond Market President and Chief Operating Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	August 7, 2024
Expiration Date	March 13, 2025
Aggregate Available	25,000