Call reports 2024
FARMERS BANK, THE — 2024
What FARMERS BANK, THE 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 | 81,403,000 | 84,034,000 | 90,973,000 | 91,831,000 |
| Total loans | 65,888,000 | 69,541,000 | 76,047,000 | 81,338,000 |
| Allowance for loan losses | 1,107,000 | 1,050,000 | 1,049,000 | 1,068,000 |
| Securities available for sale | 5,191,000 | 5,094,000 | 4,871,000 | 4,532,000 |
| Securities held to maturity | 1,937,000 | 1,935,000 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 71,057,000 | 73,661,000 | 73,038,000 | 74,042,000 |
| Interest-bearing deposits | 44,919,000 | 45,346,000 | 50,412,000 | 52,752,000 |
| Noninterest-bearing deposits | 26,138,000 | 28,315,000 | 22,626,000 | 21,290,000 |
| Equity capital | 9,378,000 | 9,614,000 | 9,737,000 | 9,934,000 |
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 | 1,295,000 | 2,657,000 | 4,125,000 | 5,617,000 |
| Interest expense | 421,000 | 839,000 | 1,425,000 | 2,021,000 |
| Net interest income | 874,000 | 1,818,000 | 2,700,000 | 3,596,000 |
| Noninterest income | 41,000 | 93,000 | 143,000 | 191,000 |
| Noninterest expense | 670,000 | 1,425,000 | 2,132,000 | 2,883,000 |
| Provision for loan losses | 0 | 0 | 67,000 | 83,000 |
| Pretax income | 245,000 | 486,000 | 644,000 | 821,000 |
| Income tax | 82,000 | 116,000 | 174,000 | 219,000 |
| Net income | 163,000 | 370,000 | 470,000 | 602,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,785,000 | 9,991,000 | 10,091,000 | 10,349,000 |