Call reports 2024
FARMERS AND MERCHANTS BANK — 2024
What FARMERS AND MERCHANTS BANK 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 | 919,540,000 | 895,169,000 | 899,278,000 | 894,122,000 |
| Total loans | 539,354,000 | 539,483,000 | 539,577,000 | 532,083,000 |
| Allowance for loan losses | 10,481,000 | 10,467,000 | 10,446,000 | 10,506,000 |
| Securities available for sale | 111,776,000 | 110,418,000 | 115,369,000 | 122,452,000 |
| Securities held to maturity | 104,530,000 | 97,273,000 | 89,778,000 | 90,036,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 796,487,000 | 768,233,000 | 763,956,000 | 757,287,000 |
| Interest-bearing deposits | 504,287,000 | 492,802,000 | 497,979,000 | 502,765,000 |
| Noninterest-bearing deposits | 292,200,000 | 275,431,000 | 265,977,000 | 254,522,000 |
| Equity capital | 115,146,000 | 118,922,000 | 125,487,000 | 125,395,000 |
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 | 12,344,000 | 24,997,000 | 37,822,000 | 50,638,000 |
| Interest expense | 1,154,000 | 2,430,000 | 3,807,000 | 5,241,000 |
| Net interest income | 11,190,000 | 22,567,000 | 34,015,000 | 45,397,000 |
| Noninterest income | 1,955,000 | 4,041,000 | 6,306,000 | 8,690,000 |
| Noninterest expense | 6,509,000 | 13,074,000 | 19,768,000 | 26,915,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 6,636,000 | 13,534,000 | 20,553,000 | 27,172,000 |
| Income tax | 1,383,000 | 2,929,000 | 4,457,000 | 5,859,000 |
| Net income | 5,253,000 | 10,605,000 | 16,096,000 | 21,313,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 117,167,000 | 120,782,000 | 124,556,000 | 127,677,000 |
| Total capital | 124,397,000 | 128,018,000 | 131,765,000 | 134,790,000 |
| Risk-weighted assets | 574,404,000 | 574,867,000 | 572,748,000 | 564,859,000 |