Call reports 2023
FARMERS AND MERCHANTS BANK — 2023
What FARMERS AND MERCHANTS BANK 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 | 978,850,000 | 950,692,000 | 962,413,000 | 916,547,000 |
| Total loans | 546,824,000 | 530,696,000 | 531,192,000 | 537,096,000 |
| Allowance for loan losses | 10,329,000 | 10,465,000 | 10,454,000 | 10,441,000 |
| Securities available for sale | 83,991,000 | 95,180,000 | 106,531,000 | 114,459,000 |
| Securities held to maturity | 118,500,000 | 116,252,000 | 116,496,000 | 109,254,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 871,823,000 | 840,961,000 | 849,695,000 | 796,201,000 |
| Interest-bearing deposits | 547,407,000 | 540,007,000 | 512,879,000 | 488,801,000 |
| Noninterest-bearing deposits | 324,416,000 | 300,954,000 | 336,816,000 | 307,400,000 |
| Equity capital | 98,418,000 | 102,178,000 | 104,736,000 | 111,864,000 |
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 | 12,067,000 | 24,798,000 | 37,348,000 | 49,959,000 |
| Interest expense | 478,000 | 1,155,000 | 1,992,000 | 2,942,000 |
| Net interest income | 11,589,000 | 23,643,000 | 35,356,000 | 47,017,000 |
| Noninterest income | 2,275,000 | 4,304,000 | 6,410,000 | 8,452,000 |
| Noninterest expense | 6,345,000 | 12,658,000 | 19,259,000 | 26,111,000 |
| Provision for loan losses | 0 | -1,030,000 | -1,030,000 | -1,030,000 |
| Pretax income | 7,519,000 | 16,319,000 | 23,537,000 | 31,256,000 |
| Income tax | 1,584,000 | 3,556,000 | 5,136,000 | 6,719,000 |
| Net income | 5,935,000 | 12,763,000 | 18,401,000 | 24,537,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 98,974,000 | 104,235,000 | 108,843,000 | 113,050,000 |
| Total capital | 106,293,000 | 111,360,000 | 115,933,000 | 120,261,000 |
| Risk-weighted assets | 581,715,000 | 565,896,000 | 563,073,000 | 572,852,000 |