Call reports 2020
MERCHANTS & FARMERS BANK & TRUST COMPANY — 2020
What MERCHANTS & FARMERS BANK & TRUST COMPANY 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 | 399,464,000 | 430,063,000 | 418,293,000 | 436,338,000 |
| Total loans | 241,381,000 | 251,799,000 | 247,313,000 | 232,381,000 |
| Allowance for loan losses | 2,175,000 | 2,273,000 | 2,213,000 | 2,369,000 |
| Securities available for sale | 119,323,000 | 127,515,000 | 120,505,000 | 159,008,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 294,403,000 | 325,126,000 | 317,591,000 | 344,967,000 |
| Interest-bearing deposits | 192,528,000 | 202,482,000 | 191,934,000 | 209,502,000 |
| Noninterest-bearing deposits | 101,875,000 | 122,644,000 | 125,657,000 | 135,465,000 |
| Equity capital | 51,315,000 | 54,505,000 | 55,189,000 | 55,767,000 |
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 | 3,981,000 | 8,402,000 | 12,170,000 | 15,757,000 |
| Interest expense | 577,000 | 1,081,000 | 1,550,000 | 1,961,000 |
| Net interest income | 3,404,000 | 7,321,000 | 10,620,000 | 13,796,000 |
| Noninterest income | 579,000 | 1,079,000 | 1,606,000 | 2,140,000 |
| Noninterest expense | 3,002,000 | 5,999,000 | 9,099,000 | 12,287,000 |
| Provision for loan losses | 59,000 | 161,000 | 212,000 | 379,000 |
| Pretax income | 1,034,000 | 2,418,000 | 3,793,000 | 4,158,000 |
| Income tax | 163,000 | 393,000 | 608,000 | 770,000 |
| Net income | 871,000 | 2,025,000 | 3,185,000 | 3,388,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 46,959,000 | 47,812,000 | 48,972,000 | 48,893,000 |