Call reports 2021
MERCHANTS & FARMERS BANK & TRUST COMPANY — 2021
What MERCHANTS & FARMERS BANK & TRUST COMPANY reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 466,198,000 | 485,894,000 | 485,587,000 | 479,067,000 |
| Total loans | 233,613,000 | 231,110,000 | 231,151,000 | 233,807,000 |
| Allowance for loan losses | 2,420,000 | 2,418,000 | 2,486,000 | 2,467,000 |
| Securities available for sale | 186,035,000 | 212,242,000 | 202,319,000 | 205,228,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 382,484,000 | 404,894,000 | 404,619,000 | 404,155,000 |
| Interest-bearing deposits | 225,546,000 | 244,825,000 | 247,266,000 | 254,058,000 |
| Noninterest-bearing deposits | 156,938,000 | 160,069,000 | 157,353,000 | 150,097,000 |
| Equity capital | 53,777,000 | 55,546,000 | 55,777,000 | 55,459,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 3,586,000 | 7,545,000 | 11,175,000 | 14,718,000 |
| Interest expense | 352,000 | 703,000 | 1,035,000 | 1,330,000 |
| Net interest income | 3,234,000 | 6,842,000 | 10,140,000 | 13,388,000 |
| Noninterest income | 593,000 | 1,140,000 | 1,686,000 | 2,220,000 |
| Noninterest expense | 3,070,000 | 6,149,000 | 9,138,000 | 12,449,000 |
| Provision for loan losses | 58,000 | 125,000 | 197,000 | 256,000 |
| Pretax income | 959,000 | 2,044,000 | 3,064,000 | 3,524,000 |
| Income tax | 110,000 | 239,000 | 361,000 | 496,000 |
| Net income | 849,000 | 1,805,000 | 2,703,000 | 3,028,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 49,743,000 | 50,410,000 | 51,259,000 | 51,184,000 |
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