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 | 794,402,000 | 798,427,000 | 817,526,000 | 844,739,000 |
| Total loans | 541,398,000 | 550,119,000 | 576,511,000 | 587,482,000 |
| Allowance for loan losses | 4,318,000 | 4,082,000 | 4,191,000 | 4,260,000 |
| Securities available for sale | 162,126,000 | 157,525,000 | 159,499,000 | 125,713,000 |
| Securities held to maturity | 20,230,000 | 20,263,000 | 20,235,000 | 20,558,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 657,386,000 | 652,399,000 | 674,799,000 | 760,383,000 |
| Interest-bearing deposits | 539,308,000 | 541,839,000 | 564,238,000 | 649,047,000 |
| Noninterest-bearing deposits | 118,078,000 | 110,560,000 | 110,561,000 | 111,336,000 |
| Equity capital | 65,168,000 | 66,269,000 | 70,413,000 | 67,119,000 |
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 | 9,063,000 | 18,243,000 | 28,086,000 | 38,356,000 |
| Interest expense | 3,756,000 | 7,672,000 | 12,306,000 | 17,011,000 |
| Net interest income | 5,307,000 | 10,571,000 | 15,780,000 | 21,345,000 |
| Noninterest income | 507,000 | 912,000 | 1,350,000 | 1,773,000 |
| Noninterest expense | 4,128,000 | 8,249,000 | 12,291,000 | 16,843,000 |
| Provision for loan losses | 28,000 | -59,000 | 44,000 | 114,000 |
| Pretax income | 1,682,000 | 3,196,000 | 4,821,000 | 6,106,000 |
| Income tax | 378,000 | 715,000 | 1,088,000 | 1,355,000 |
| Net income | 1,304,000 | 2,481,000 | 3,733,000 | 4,751,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 76,146,000 | 76,264,000 | 76,917,000 | 76,601,000 |
| Total capital | 80,699,000 | 80,669,000 | 81,328,000 | 81,161,000 |
| Risk-weighted assets | 610,551,000 | 626,374,000 | 651,306,000 | 656,284,000 |