Call reports 2023
FARMERS & MERCHANTS BANK — 2023
What FARMERS & 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 | 286,863,000 | 277,622,000 | 283,287,000 | 291,520,000 |
| Total loans | 198,917,000 | 205,409,000 | 213,763,000 | 223,571,000 |
| Allowance for loan losses | 3,129,000 | 3,208,000 | 3,296,000 | 3,394,000 |
| Securities available for sale | 62,401,000 | 58,206,000 | 57,292,000 | 55,674,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 246,103,000 | 236,693,000 | 242,663,000 | 247,872,000 |
| Interest-bearing deposits | 173,149,000 | 164,578,000 | 164,724,000 | 175,727,000 |
| Noninterest-bearing deposits | 72,954,000 | 72,115,000 | 77,939,000 | 72,145,000 |
| Equity capital | 22,719,000 | 22,987,000 | 22,569,000 | 25,555,000 |
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 | 3,264,000 | 6,709,000 | 10,374,000 | 14,289,000 |
| Interest expense | 430,000 | 1,153,000 | 1,981,000 | 3,070,000 |
| Net interest income | 2,834,000 | 5,556,000 | 8,393,000 | 11,219,000 |
| Noninterest income | 264,000 | 576,000 | 886,000 | 1,173,000 |
| Noninterest expense | 1,594,000 | 3,258,000 | 5,018,000 | 6,773,000 |
| Provision for loan losses | 90,000 | 180,000 | 270,000 | 375,000 |
| Pretax income | 1,393,000 | 2,649,000 | 3,953,000 | 4,875,000 |
| Income tax | 266,000 | 505,000 | 753,000 | 923,000 |
| Net income | 1,127,000 | 2,144,000 | 3,200,000 | 3,952,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 28,240,000 | 29,256,000 | 30,213,000 | 30,815,000 |
| Total capital | 30,947,000 | 32,050,000 | 33,110,000 | 33,809,000 |
| Risk-weighted assets | 216,149,000 | 223,088,000 | 231,332,000 | 239,192,000 |