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 | 254,070,000 | 262,210,000 | 263,486,000 | 276,999,000 |
| Total loans | 93,682,000 | 104,000,000 | 113,652,000 | 114,120,000 |
| Allowance for loan losses | 1,347,000 | 1,367,000 | 1,414,000 | 1,454,000 |
| Securities available for sale | 120,370,000 | 119,242,000 | 116,318,000 | 119,903,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 236,040,000 | 233,937,000 | 235,842,000 | 246,325,000 |
| Interest-bearing deposits | 133,273,000 | 135,846,000 | 140,657,000 | 149,850,000 |
| Noninterest-bearing deposits | 102,767,000 | 98,091,000 | 95,185,000 | 96,475,000 |
| Equity capital | 16,793,000 | 16,712,000 | 15,503,000 | 19,120,000 |
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 | 2,006,000 | 4,175,000 | 6,675,000 | 9,655,000 |
| Interest expense | 496,000 | 1,217,000 | 2,398,000 | 3,782,000 |
| Net interest income | 1,510,000 | 2,958,000 | 4,277,000 | 5,873,000 |
| Noninterest income | 245,000 | 491,000 | 1,290,000 | 1,539,000 |
| Noninterest expense | 1,325,000 | 2,685,000 | 3,975,000 | 5,190,000 |
| Provision for loan losses | 0 | 13,000 | 50,000 | 88,000 |
| Pretax income | 430,000 | 739,000 | 1,492,000 | 2,047,000 |
| Income tax | 109,000 | 198,000 | 401,000 | 524,000 |
| Net income | 321,000 | 541,000 | 1,091,000 | 1,523,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 29,207,000 | 29,427,000 | 29,978,000 | 30,410,000 |
| Total capital | 31,071,000 | 31,362,000 | 32,060,000 | 32,464,000 |
| Risk-weighted assets | 148,918,000 | 154,571,000 | 166,395,000 | 164,112,000 |