Call reports 2024
FARMERS & MERCHANTS BANK — 2024
What FARMERS & 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 | 300,454,000 | 334,538,000 | 320,897,000 | 322,750,000 |
| Total loans | 233,674,000 | 244,072,000 | 252,142,000 | 262,657,000 |
| Allowance for loan losses | 3,464,000 | 3,471,000 | 3,692,000 | 3,906,000 |
| Securities available for sale | 55,231,000 | 54,915,000 | 55,598,000 | 49,525,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 250,335,000 | 280,975,000 | 279,618,000 | 277,524,000 |
| Interest-bearing deposits | 181,244,000 | 185,126,000 | 200,491,000 | 202,060,000 |
| Noninterest-bearing deposits | 69,091,000 | 95,849,000 | 79,127,000 | 75,464,000 |
| Equity capital | 26,249,000 | 27,454,000 | 30,120,000 | 29,963,000 |
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 | 4,056,000 | 8,465,000 | 13,171,000 | 18,026,000 |
| Interest expense | 1,272,000 | 2,604,000 | 4,027,000 | 5,564,000 |
| Net interest income | 2,784,000 | 5,861,000 | 9,144,000 | 12,462,000 |
| Noninterest income | 288,000 | 594,000 | 918,000 | 1,251,000 |
| Noninterest expense | 1,813,000 | 3,696,000 | 5,428,000 | 7,225,000 |
| Provision for loan losses | 75,000 | 90,000 | 320,000 | 539,000 |
| Pretax income | 1,160,000 | 2,637,000 | 4,286,000 | 5,536,000 |
| Income tax | 219,000 | 508,000 | 832,000 | 1,073,000 |
| Net income | 941,000 | 2,129,000 | 3,454,000 | 4,463,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 31,756,000 | 32,869,000 | 34,119,000 | 34,928,000 |
| Total capital | 34,881,000 | 36,244,000 | 37,529,000 | 38,451,000 |
| Risk-weighted assets | 249,688,000 | 269,958,000 | 272,587,000 | 281,501,000 |