Call reports 2023
MERCHANTS & FARMERS BANK & TRUST COMPANY — 2023
What MERCHANTS & FARMERS BANK & TRUST COMPANY 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 | 463,665,000 | 467,791,000 | 468,674,000 | 471,557,000 |
| Total loans | 249,898,000 | 255,949,000 | 258,820,000 | 255,640,000 |
| Allowance for loan losses | 2,742,000 | 2,765,000 | 2,822,000 | 2,824,000 |
| Securities available for sale | 172,366,000 | 167,329,000 | 158,414,000 | 165,760,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 414,537,000 | 408,923,000 | 406,365,000 | 408,645,000 |
| Interest-bearing deposits | 270,804,000 | 268,151,000 | 262,755,000 | 271,276,000 |
| Noninterest-bearing deposits | 143,733,000 | 140,772,000 | 143,610,000 | 137,369,000 |
| Equity capital | 38,675,000 | 37,367,000 | 33,022,000 | 41,178,000 |
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 | 3,982,000 | 8,308,000 | 12,821,000 | 17,523,000 |
| Interest expense | 523,000 | 1,216,000 | 2,106,000 | 3,312,000 |
| Net interest income | 3,459,000 | 7,092,000 | 10,715,000 | 14,211,000 |
| Noninterest income | 519,000 | 1,490,000 | 2,060,000 | 2,606,000 |
| Noninterest expense | 3,224,000 | 6,707,000 | 10,186,000 | 13,688,000 |
| Provision for loan losses | 42,000 | 76,000 | 147,000 | 164,000 |
| Pretax income | 712,000 | 1,799,000 | 2,442,000 | 2,921,000 |
| Income tax | 64,000 | 207,000 | 259,000 | 377,000 |
| Net income | 648,000 | 1,592,000 | 2,183,000 | 2,544,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 54,199,000 | 54,631,000 | 54,088,000 | 54,195,000 |
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