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 | 722,648,000 | 730,236,000 | 757,026,000 | 799,647,000 |
| Total loans | 525,485,000 | 535,646,000 | 530,648,000 | 527,593,000 |
| Allowance for loan losses | 4,589,000 | 4,647,000 | 4,516,000 | 4,285,000 |
| Securities available for sale | 125,822,000 | 119,761,000 | 136,563,000 | 164,085,000 |
| Securities held to maturity | 20,539,000 | 20,239,000 | 20,226,000 | 20,199,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 638,904,000 | 633,576,000 | 645,870,000 | 682,082,000 |
| Interest-bearing deposits | 510,518,000 | 510,579,000 | 531,357,000 | 564,099,000 |
| Noninterest-bearing deposits | 128,386,000 | 122,997,000 | 114,513,000 | 117,983,000 |
| Equity capital | 64,391,000 | 62,874,000 | 61,385,000 | 64,790,000 |
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 | 7,051,000 | 14,432,000 | 22,430,000 | 31,314,000 |
| Interest expense | 1,241,000 | 3,205,000 | 5,872,000 | 9,314,000 |
| Net interest income | 5,810,000 | 11,227,000 | 16,558,000 | 22,000,000 |
| Noninterest income | 375,000 | 785,000 | 1,181,000 | 1,829,000 |
| Noninterest expense | 3,753,000 | 7,491,000 | 11,224,000 | 15,368,000 |
| Provision for loan losses | -270,000 | -495,000 | -594,000 | -700,000 |
| Pretax income | 2,707,000 | 5,015,000 | 7,070,000 | 9,037,000 |
| Income tax | 688,000 | 1,267,000 | 1,768,000 | 2,158,000 |
| Net income | 2,019,000 | 3,748,000 | 5,302,000 | 6,879,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 73,026,000 | 73,482,000 | 75,037,000 | 75,440,000 |
| Total capital | 77,752,000 | 78,228,000 | 79,714,000 | 79,988,000 |
| Risk-weighted assets | 592,199,000 | 601,307,000 | 619,809,000 | 594,636,000 |