Call reports 2024
FARMERS & MERCHANTS SAVINGS BANK — 2024
What FARMERS & MERCHANTS SAVINGS BANK 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 | 612,413,000 | 584,431,000 | 637,586,000 | 603,804,000 |
| Total loans | 414,412,000 | 416,997,000 | 412,219,000 | 424,690,000 |
| Allowance for loan losses | 6,681,000 | 7,865,000 | 7,802,000 | 7,761,000 |
| Securities available for sale | 139,204,000 | 139,339,000 | 145,943,000 | 158,191,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 539,224,000 | 500,751,000 | 549,982,000 | 513,552,000 |
| Interest-bearing deposits | 391,343,000 | 355,294,000 | 400,309,000 | 382,398,000 |
| Noninterest-bearing deposits | 147,881,000 | 145,457,000 | 149,673,000 | 131,154,000 |
| Equity capital | 69,280,000 | 69,455,000 | 73,235,000 | 72,126,000 |
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 | 7,760,000 | 15,549,000 | 23,627,000 | 32,018,000 |
| Interest expense | 2,603,000 | 5,186,000 | 8,092,000 | 10,922,000 |
| Net interest income | 5,157,000 | 10,363,000 | 15,535,000 | 21,096,000 |
| Noninterest income | 344,000 | 721,000 | 1,172,000 | 1,624,000 |
| Noninterest expense | 3,479,000 | 7,347,000 | 11,037,000 | 14,835,000 |
| Provision for loan losses | 0 | 1,182,000 | 1,182,000 | 1,182,000 |
| Pretax income | 2,066,000 | 2,579,000 | 4,519,000 | 6,751,000 |
| Income tax | 107,000 | 160,000 | 229,000 | 340,000 |
| Net income | 1,959,000 | 2,419,000 | 4,290,000 | 6,411,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 76,119,000 | 75,680,000 | 76,649,000 | 76,172,000 |
| Total capital | 82,626,000 | 82,485,000 | 82,951,000 | 82,898,000 |
| Risk-weighted assets | 520,377,000 | 543,368,000 | 502,719,000 | 537,080,000 |