Call reports 2024
FARMERS AND MERCHANTS STATE BANK — 2024
What FARMERS AND MERCHANTS STATE 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 | 141,147,000 | 142,458,000 | 149,218,000 | 147,025,000 |
| Total loans | 69,285,000 | 72,383,000 | 75,522,000 | 76,773,000 |
| Allowance for loan losses | 907,000 | 905,000 | 896,000 | 747,000 |
| Securities available for sale | 65,715,000 | 63,476,000 | 64,146,000 | 61,828,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 109,109,000 | 108,417,000 | 104,540,000 | 105,074,000 |
| Interest-bearing deposits | 86,755,000 | 87,389,000 | 83,452,000 | 82,994,000 |
| Noninterest-bearing deposits | 22,354,000 | 21,028,000 | 21,088,000 | 22,080,000 |
| Equity capital | 17,032,000 | 16,852,000 | 18,514,000 | 17,644,000 |
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 | 1,584,000 | 3,242,000 | 4,978,000 | 6,753,000 |
| Interest expense | 705,000 | 1,566,000 | 2,488,000 | 3,350,000 |
| Net interest income | 879,000 | 1,676,000 | 2,490,000 | 3,403,000 |
| Noninterest income | 39,000 | 72,000 | 106,000 | 142,000 |
| Noninterest expense | 536,000 | 1,166,000 | 1,825,000 | 2,453,000 |
| Provision for loan losses | 0 | 0 | 0 | 50,000 |
| Pretax income | 383,000 | 575,000 | 742,000 | 1,015,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 383,000 | 575,000 | 742,000 | 1,015,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 20,039,000 | 20,231,000 | 20,393,000 | 20,667,000 |