Call reports 2024
FARMERS & MERCHANTS STATE BANK OF SPRINGFIELD — 2024
What FARMERS & MERCHANTS STATE BANK OF SPRINGFIELD 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 | 139,186,000 | 135,086,000 | 138,818,000 | 137,927,000 |
| Total loans | 86,504,000 | 84,128,000 | 89,406,000 | 95,406,000 |
| Allowance for loan losses | 1,333,000 | 1,369,000 | 1,405,000 | 1,441,000 |
| Securities available for sale | 35,700,000 | 32,869,000 | 31,360,000 | 25,833,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 122,656,000 | 119,219,000 | 122,056,000 | 121,190,000 |
| Interest-bearing deposits | 103,072,000 | 100,231,000 | 98,782,000 | 98,994,000 |
| Noninterest-bearing deposits | 19,584,000 | 18,988,000 | 23,274,000 | 22,196,000 |
| Equity capital | 9,954,000 | 10,283,000 | 11,200,000 | 11,529,000 |
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 | 1,656,000 | 3,334,000 | 5,071,000 | 6,922,000 |
| Interest expense | 466,000 | 893,000 | 1,332,000 | 1,740,000 |
| Net interest income | 1,190,000 | 2,441,000 | 3,739,000 | 5,182,000 |
| Noninterest income | 39,000 | 86,000 | 129,000 | 171,000 |
| Noninterest expense | 782,000 | 1,624,000 | 2,409,000 | 3,319,000 |
| Provision for loan losses | 24,000 | 60,000 | 96,000 | 132,000 |
| Pretax income | 427,000 | 831,000 | 1,357,000 | 1,905,000 |
| Income tax | 40,000 | 78,000 | 128,000 | 118,000 |
| Net income | 387,000 | 753,000 | 1,229,000 | 1,787,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,160,000 | 11,271,000 | 11,603,000 | 11,979,000 |
| Total capital | 12,142,000 | 12,238,000 | 12,636,000 | 13,084,000 |
| Risk-weighted assets | 78,284,000 | 76,960,000 | 82,322,000 | 88,106,000 |