Call reports 2024
FARMERS AND MERCHANTS BANK, THE — 2024
What FARMERS AND MERCHANTS BANK, THE reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 196,334,000 | 204,934,000 | 206,540,000 | 207,289,000 |
| Total loans | 117,860,000 | 120,846,000 | 126,540,000 | 129,139,000 |
| Allowance for loan losses | 1,456,000 | 1,456,000 | 1,486,000 | 1,500,000 |
| Securities available for sale | 49,097,000 | 48,794,000 | 48,418,000 | 47,136,000 |
| Securities held to maturity | 13,500,000 | 13,017,000 | 12,928,000 | 12,901,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 177,718,000 | 188,266,000 | 178,952,000 | 182,604,000 |
| Interest-bearing deposits | 145,074,000 | 158,608,000 | 147,596,000 | 152,150,000 |
| Noninterest-bearing deposits | 32,644,000 | 29,658,000 | 31,356,000 | 30,454,000 |
| Equity capital | 13,997,000 | 14,126,000 | 15,369,000 | 14,730,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 1,997,000 | 4,012,000 | 6,099,000 | 8,258,000 |
| Interest expense | 618,000 | 1,306,000 | 2,079,000 | 2,902,000 |
| Net interest income | 1,379,000 | 2,706,000 | 4,020,000 | 5,356,000 |
| Noninterest income | 150,000 | 318,000 | 496,000 | 652,000 |
| Noninterest expense | 1,220,000 | 2,456,000 | 3,718,000 | 5,024,000 |
| Provision for loan losses | -25,000 | -25,000 | 5,000 | 22,000 |
| Pretax income | 305,000 | 563,000 | 787,000 | 967,000 |
| Income tax | 41,000 | 69,000 | 85,000 | 83,000 |
| Net income | 264,000 | 494,000 | 702,000 | 884,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 17,506,000 | 17,428,000 | 17,611,000 | 17,508,000 |
| Total capital | 19,105,000 | 19,028,000 | 19,217,000 | 19,117,000 |
| Risk-weighted assets | 133,369,000 | 138,176,000 | 140,299,000 | 144,223,000 |