Call reports 2023
FARMERS AND MERCHANTS STATE BANK — 2023
What FARMERS AND MERCHANTS STATE 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 | 139,242,000 | 140,151,000 | 139,293,000 | 145,461,000 |
| Total loans | 57,600,000 | 65,446,000 | 66,136,000 | 71,162,000 |
| Allowance for loan losses | 909,000 | 909,000 | 909,000 | 904,000 |
| Securities available for sale | 69,415,000 | 68,797,000 | 65,740,000 | 66,057,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 121,713,000 | 111,146,000 | 113,067,000 | 120,003,000 |
| Interest-bearing deposits | 89,975,000 | 84,440,000 | 86,644,000 | 87,337,000 |
| Noninterest-bearing deposits | 31,738,000 | 26,706,000 | 26,423,000 | 32,666,000 |
| Equity capital | 16,966,000 | 16,426,000 | 14,721,000 | 17,647,000 |
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 | 1,280,000 | 2,604,000 | 4,066,000 | 5,572,000 |
| Interest expense | 300,000 | 814,000 | 1,524,000 | 2,214,000 |
| Net interest income | 980,000 | 1,790,000 | 2,542,000 | 3,358,000 |
| Noninterest income | 27,000 | 61,000 | 91,000 | 135,000 |
| Noninterest expense | 535,000 | 1,029,000 | 1,608,000 | 2,321,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 477,000 | 833,000 | 1,041,000 | 1,199,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 477,000 | 833,000 | 1,041,000 | 1,199,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 19,540,000 | 19,895,000 | 20,103,000 | 20,261,000 |