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 | 264,143,000 | 271,408,000 | 311,257,000 | 334,680,000 |
| Total loans | 115,586,000 | 126,469,000 | 138,034,000 | 141,361,000 |
| Allowance for loan losses | 1,452,000 | 1,733,000 | 1,734,000 | 1,742,000 |
| Securities available for sale | 114,232,000 | 115,088,000 | 119,359,000 | 115,418,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 233,753,000 | 239,772,000 | 285,084,000 | 310,327,000 |
| Interest-bearing deposits | 132,727,000 | 132,017,000 | 187,978,000 | 215,155,000 |
| Noninterest-bearing deposits | 101,026,000 | 107,755,000 | 97,106,000 | 95,172,000 |
| Equity capital | 18,558,000 | 20,024,000 | 24,115,000 | 22,224,000 |
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 | 2,764,000 | 5,595,000 | 8,995,000 | 12,878,000 |
| Interest expense | 1,120,000 | 2,284,000 | 3,701,000 | 5,585,000 |
| Net interest income | 1,644,000 | 3,311,000 | 5,294,000 | 7,293,000 |
| Noninterest income | 222,000 | 422,000 | 643,000 | 810,000 |
| Noninterest expense | 1,422,000 | 2,854,000 | 4,232,000 | 5,641,000 |
| Provision for loan losses | 0 | 277,000 | 277,000 | 277,000 |
| Pretax income | 444,000 | 879,000 | 1,705,000 | 2,462,000 |
| Income tax | 119,000 | 236,000 | 458,000 | 624,000 |
| Net income | 325,000 | 643,000 | 1,247,000 | 1,838,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 29,975,000 | 30,293,000 | 30,897,000 | 31,488,000 |
| Total capital | 31,967,000 | 32,441,000 | 33,128,000 | 33,742,000 |
| Risk-weighted assets | 159,084,000 | 171,696,000 | 178,449,000 | 180,307,000 |