Call reports 2024
FARMERS AND MECHANICS FEDERAL SAVINGS BANK — 2024
What FARMERS AND MECHANICS FEDERAL 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 | 124,865,000 | 125,571,000 | 125,463,000 | 120,577,000 |
| Total loans | 61,502,000 | 63,506,000 | 64,022,000 | 65,706,000 |
| Allowance for loan losses | 249,000 | 256,000 | 265,000 | 266,000 |
| Securities available for sale | 41,367,000 | 41,361,000 | 41,534,000 | 39,948,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 106,928,000 | 107,569,000 | 110,325,000 | 108,864,000 |
| Interest-bearing deposits | 88,520,000 | 88,834,000 | 99,643,000 | 97,672,000 |
| Noninterest-bearing deposits | 18,408,000 | 18,735,000 | 10,682,000 | 11,192,000 |
| Equity capital | 6,992,000 | 7,048,000 | 7,715,000 | 4,280,000 |
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 | 1,285,000 | 2,654,000 | 4,008,000 | 5,203,000 |
| Interest expense | 736,000 | 1,455,000 | 2,207,000 | 2,873,000 |
| Net interest income | 549,000 | 1,199,000 | 1,801,000 | 2,330,000 |
| Noninterest income | 83,000 | 166,000 | 263,000 | 365,000 |
| Noninterest expense | 915,000 | 1,817,000 | 2,640,000 | 5,863,000 |
| Provision for loan losses | 11,000 | 18,000 | 27,000 | 28,000 |
| Pretax income | -741,000 | -913,000 | -1,045,000 | -3,638,000 |
| Income tax | -189,000 | -235,000 | -270,000 | -189,000 |
| Net income | -552,000 | -678,000 | -775,000 | -3,449,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,523,000 | 10,397,000 | 10,300,000 | 8,300,000 |
| Total capital | — | 10,674,000 | 10,584,000 | 8,584,000 |
| Risk-weighted assets | — | 75,558,000 | 68,680,000 | 73,565,000 |