diff --git a/src/validation.cpp b/src/validation.cpp
index 469e6a537..ab1d1862b 100644
--- a/src/validation.cpp
+++ b/src/validation.cpp
@@ -5507,8 +5507,9 @@ bool LoadMempool(const Config &config) {
     }
 
     int64_t count = 0;
-    int64_t skipped = 0;
+    int64_t expired = 0;
     int64_t failed = 0;
+    int64_t already_there = 0;
     int64_t nNow = GetTime();
 
     try {
@@ -5546,10 +5547,18 @@ bool LoadMempool(const Config &config) {
                 if (state.IsValid()) {
                     ++count;
                 } else {
-                    ++failed;
+                    // mempool may contain the transaction already, e.g. from
+                    // wallet(s) having loaded it while we were processing
+                    // mempool transactions; consider these as valid, instead of
+                    // failed, but mark them as 'already there'
+                    if (g_mempool.exists(tx->GetHash())) {
+                        ++already_there;
+                    } else {
+                        ++failed;
+                    }
                 }
             } else {
-                ++skipped;
+                ++expired;
             }
         }
         std::map<uint256, Amount> mapDeltas;
@@ -5565,9 +5574,9 @@ bool LoadMempool(const Config &config) {
         return false;
     }
 
-    LogPrintf("Imported mempool transactions from disk: %i successes, %i "
-              "failed, %i expired\n",
-              count, failed, skipped);
+    LogPrintf("Imported mempool transactions from disk: %i succeeded, %i "
+              "failed, %i expired, %i already there\n",
+              count, failed, expired, already_there);
     return true;
 }