Call reports 2024
FARMERS & MERCHANTS BANK OF NORTH DAKOTA — 2024
What FARMERS & MERCHANTS BANK OF NORTH DAKOTA 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 | 112,608,000 | 111,377,000 | 109,290,000 | 111,245,000 |
| Total loans | 53,799,000 | 57,837,000 | 57,596,000 | 54,934,000 |
| Allowance for loan losses | 352,000 | 472,000 | 472,000 | 458,000 |
| Securities available for sale | 33,313,000 | 30,450,000 | 28,651,000 | 30,447,000 |
| Securities held to maturity | 6,330,000 | 6,247,000 | 6,245,000 | 6,242,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 102,873,000 | 101,301,000 | 97,824,000 | 100,731,000 |
| Interest-bearing deposits | 78,369,000 | 76,744,000 | 74,750,000 | 77,100,000 |
| Noninterest-bearing deposits | 24,504,000 | 24,557,000 | 23,074,000 | 23,631,000 |
| Equity capital | 9,418,000 | 9,764,000 | 11,051,000 | 10,182,000 |
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 | 1,173,000 | 2,484,000 | 3,653,000 | 4,930,000 |
| Interest expense | 361,000 | 758,000 | 1,195,000 | 1,637,000 |
| Net interest income | 812,000 | 1,726,000 | 2,458,000 | 3,293,000 |
| Noninterest income | 64,000 | 129,000 | 188,000 | 272,000 |
| Noninterest expense | 686,000 | 1,348,000 | 1,952,000 | 2,673,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 177,000 | 472,000 | 631,000 | 822,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 177,000 | 472,000 | 631,000 | 822,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,447,000 | 12,742,000 | 12,901,000 | 13,091,000 |
| Total capital | 12,799,000 | 13,214,000 | 13,373,000 | 13,549,000 |
| Risk-weighted assets | 74,441,000 | 74,469,000 | 74,671,000 | 75,657,000 |