Call reports 2023
FARMERS & MERCHANTS BANK OF NORTH DAKOTA — 2023
What FARMERS & MERCHANTS BANK OF NORTH DAKOTA 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 | 118,868,000 | 120,731,000 | 121,343,000 | 119,752,000 |
| Total loans | 55,461,000 | 61,016,000 | 64,260,000 | 60,178,000 |
| Allowance for loan losses | 342,000 | 342,000 | 342,000 | 348,000 |
| Securities available for sale | 42,687,000 | 41,594,000 | 39,479,000 | 35,416,000 |
| Securities held to maturity | 6,475,000 | 6,337,000 | 6,335,000 | 6,332,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 110,163,000 | 110,197,000 | 112,090,000 | 108,192,000 |
| Interest-bearing deposits | 81,694,000 | 84,918,000 | 88,586,000 | 82,382,000 |
| Noninterest-bearing deposits | 28,469,000 | 25,278,000 | 23,504,000 | 25,810,000 |
| Equity capital | 8,596,000 | 8,739,000 | 7,841,000 | 9,748,000 |
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 | 1,073,000 | 2,213,000 | 3,473,000 | 4,706,000 |
| Interest expense | 134,000 | 379,000 | 787,000 | 1,239,000 |
| Net interest income | 939,000 | 1,834,000 | 2,686,000 | 3,467,000 |
| Noninterest income | 72,000 | 147,000 | 216,000 | 318,000 |
| Noninterest expense | 749,000 | 1,477,000 | 2,178,000 | 2,949,000 |
| Provision for loan losses | 0 | 0 | 0 | 30,000 |
| Pretax income | 253,000 | 482,000 | 685,000 | 772,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 253,000 | 482,000 | 685,000 | 772,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,998,000 | 12,229,000 | 12,432,000 | 12,520,000 |
| Total capital | 12,340,000 | 12,571,000 | 12,774,000 | 12,868,000 |
| Risk-weighted assets | 70,366,000 | 73,441,000 | 76,679,000 | 79,981,000 |