Call reports 2023
FARMERS AND MECHANICS FEDERAL SAVINGS BANK — 2023
What FARMERS AND MECHANICS FEDERAL SAVINGS BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 121,605,000 | 127,855,000 | 125,954,000 | 126,854,000 |
| Total loans | 59,592,000 | 66,388,000 | 64,428,000 | 62,497,000 |
| Allowance for loan losses | 197,000 | 261,000 | 261,000 | 238,000 |
| Securities available for sale | 46,206,000 | 45,265,000 | 43,605,000 | 44,812,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 91,822,000 | 95,993,000 | 100,323,000 | 102,716,000 |
| Interest-bearing deposits | 83,217,000 | 87,222,000 | 90,165,000 | 92,350,000 |
| Noninterest-bearing deposits | 8,605,000 | 8,771,000 | 10,158,000 | 10,366,000 |
| Equity capital | 6,936,000 | 6,555,000 | 5,747,000 | 7,141,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 1,095,000 | 2,271,000 | 3,572,000 | 5,148,000 |
| Interest expense | 362,000 | 903,000 | 1,530,000 | 2,217,000 |
| Net interest income | 733,000 | 1,368,000 | 2,042,000 | 2,931,000 |
| Noninterest income | 71,000 | 145,000 | 220,000 | 298,000 |
| Noninterest expense | 729,000 | 1,474,000 | 2,228,000 | 3,100,000 |
| Provision for loan losses | 0 | 47,000 | 47,000 | 47,000 |
| Pretax income | 75,000 | -8,000 | -13,000 | 82,000 |
| Income tax | 15,000 | -3,000 | -15,000 | 5,000 |
| Net income | 60,000 | -5,000 | 2,000 | 77,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,593,000 | 11,510,000 | 10,992,000 | 11,748,000 |