Business Description

Forward-Looking Statements This Annual Report on Form 10-K of Mercer Bancorp, Inc. (which we may refer to as “we,” “us,” the “Company” or “Mercer Bancorp”) contains forward-looking statements, which can be identified by the use of words such as “estimate,” “project,” “believe,” “intend,” “anticipate,” “assume,” “plan,” “seek,” “expect,” “will,” “may,” “should,” “indicate,” “would,” “believe,” “contemplate,” “continue,” “target” and words of similar meaning. These forward-looking statements include, but are not limited to: ● statements of our goals, intentions and expectations; ● statements regarding our business plans, prospects, growth and operating strategies; ● statements regarding the asset quality of our loan and investment portfolios; and ● estimates of our risks and future costs and benefits. These forward-looking statements are based on our current beliefs and expectations and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. We are under no duty to and do not take any obligation to update any forward-looking statements after the date of this Annual Report on Form 10-K. The following factors, among others, could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: ● general economic conditions, either nationally or in our market area, which are worse than expected, including the effects of inflation and monetary policy; ● conditions affecting our local agricultural industry, such as adverse weather conditions and the impact of government regulations, including changes in price supports, tariffs on agricultural products, trade agreements, subsidies and environmental regulations, any of which may affect the ability of our agricultural customers to repay their loans and lead to reduced consumer spending, lower economic growth, and decreased demand for our products; ● changes in the interest rate environment that reduce our margins and yields, the fair value of our financial instruments, or our level of loan originations, or increase the level of defaults, losses and prepayments within our loan portfolio; ● adverse changes in the securities markets; ● changes in the level and direction of loan delinquencies and write-offs and changes in estimates of the adequacy of the allowance for credit losses; ● our ability to manage market risk, credit risk and operational risk; ● our ability to access cost-effective funding; ● changes in liquidity, including the amount and composition of our deposits, including the percentage of uninsured deposits in our portfolio; 1 Table of Contents ● fluctuations in real estate values and in the conditions of the residential real estate, commercial real estate, and agricultural real estate markets; ● demand for loans and deposits in our market area; ● our ability to implement and change our business strategies, including our ability to introduce new products and services, enter new markets and capitalize on growth opportunities, and successfully integrate any acquired assets, liabilities, customers, systems and personnel; ●