Call reports 2024
MERCHANTS & FARMERS BANK & TRUST COMPANY — 2024
What MERCHANTS & FARMERS BANK & TRUST COMPANY 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 | 460,365,000 | 475,919,000 | 515,024,000 | 496,544,000 |
| Total loans | 254,904,000 | 253,410,000 | 252,100,000 | 254,948,000 |
| Allowance for loan losses | 2,824,000 | 2,856,000 | 2,858,000 | 2,880,000 |
| Securities available for sale | 160,753,000 | 158,206,000 | 178,981,000 | 151,272,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 412,085,000 | 425,821,000 | 466,690,000 | 452,556,000 |
| Interest-bearing deposits | 281,651,000 | 290,473,000 | 321,050,000 | 309,328,000 |
| Noninterest-bearing deposits | 130,434,000 | 135,348,000 | 145,640,000 | 143,228,000 |
| Equity capital | 39,699,000 | 40,393,000 | 45,118,000 | 41,396,000 |
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 | 4,646,000 | 9,401,000 | 14,550,000 | 19,815,000 |
| Interest expense | 1,192,000 | 2,413,000 | 3,803,000 | 5,088,000 |
| Net interest income | 3,454,000 | 6,988,000 | 10,747,000 | 14,727,000 |
| Noninterest income | 598,000 | 1,157,000 | 1,694,000 | 2,225,000 |
| Noninterest expense | 3,592,000 | 7,005,000 | 10,498,000 | 14,266,000 |
| Provision for loan losses | 20,000 | 71,000 | 93,000 | 131,000 |
| Pretax income | 440,000 | 1,069,000 | 1,787,000 | 2,424,000 |
| Income tax | 35,000 | 89,000 | 185,000 | 201,000 |
| Net income | 405,000 | 980,000 | 1,602,000 | 2,223,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 54,628,000 | 54,949,000 | 55,599,000 | 55,968,000 |
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