Call reports 2020
FARMERS AND MERCHANTS STATE BANK — 2020
What FARMERS AND MERCHANTS STATE BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 111,921,000 | 117,326,000 | 117,331,000 | 126,440,000 |
| Total loans | 71,429,000 | 74,607,000 | 77,064,000 | 74,748,000 |
| Allowance for loan losses | 1,190,000 | 1,190,000 | 1,190,000 | 1,175,000 |
| Securities available for sale | 30,697,000 | 34,095,000 | 33,080,000 | 36,476,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 86,804,000 | 94,149,000 | 96,472,000 | 105,226,000 |
| Interest-bearing deposits | 70,001,000 | 76,678,000 | 76,925,000 | 80,093,000 |
| Noninterest-bearing deposits | 16,803,000 | 17,471,000 | 19,547,000 | 25,133,000 |
| Equity capital | 15,995,000 | 17,546,000 | 18,298,000 | 18,697,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 1,200,000 | 2,521,000 | 3,776,000 | 4,954,000 |
| Interest expense | 224,000 | 413,000 | 591,000 | 760,000 |
| Net interest income | 976,000 | 2,108,000 | 3,185,000 | 4,194,000 |
| Noninterest income | 27,000 | 55,000 | 83,000 | 94,000 |
| Noninterest expense | 417,000 | 836,000 | 1,245,000 | 1,860,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 584,000 | 1,345,000 | 2,043,000 | 2,451,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 584,000 | 1,345,000 | 2,043,000 | 2,451,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,945,000 | 16,686,000 | 17,405,000 | 17,813,000 |