Call reports 2024
FARMERS BANK — 2024
What FARMERS 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 | 53,142,000 | 60,822,000 | 68,801,000 | 70,878,000 |
| Total loans | 39,439,000 | 45,484,000 | 45,978,000 | 48,897,000 |
| Allowance for loan losses | 549,000 | 576,000 | 589,000 | 573,000 |
| Securities available for sale | 9,307,000 | 8,885,000 | 8,663,000 | 8,333,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 44,979,000 | 54,048,000 | 61,688,000 | 63,749,000 |
| Interest-bearing deposits | 32,439,000 | 40,344,000 | 50,441,000 | 51,905,000 |
| Noninterest-bearing deposits | 12,540,000 | 13,704,000 | 11,247,000 | 11,844,000 |
| Equity capital | 6,136,000 | 6,258,000 | 6,451,000 | 6,527,000 |
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 | 984,000 | 2,066,000 | 3,293,000 | 4,609,000 |
| Interest expense | 288,000 | 635,000 | 1,103,000 | 1,602,000 |
| Net interest income | 696,000 | 1,431,000 | 2,190,000 | 3,007,000 |
| Noninterest income | 104,000 | 126,000 | 159,000 | 172,000 |
| Noninterest expense | 524,000 | 1,115,000 | 1,744,000 | 2,458,000 |
| Provision for loan losses | 88,000 | 118,000 | 143,000 | 143,000 |
| Pretax income | 179,000 | 293,000 | 429,000 | 545,000 |
| Income tax | 9,000 | 18,000 | 27,000 | 20,000 |
| Net income | 170,000 | 275,000 | 402,000 | 525,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,187,000 | 6,292,000 | 6,420,000 | 6,542,000 |