Call reports 2014
FARMERS AND MERCHANTS STATE BANK — 2014
What FARMERS AND MERCHANTS STATE BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 87,693,000 | 93,349,000 | 96,891,000 | 101,050,000 |
| Total loans | 76,189,000 | 84,203,000 | 87,308,000 | 92,278,000 |
| Allowance for loan losses | 820,000 | 872,000 | 987,000 | 987,000 |
| Securities available for sale | 5,331,000 | 4,535,000 | 4,571,000 | 4,234,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 78,061,000 | 78,378,000 | 76,658,000 | 81,691,000 |
| Interest-bearing deposits | 63,510,000 | 64,426,000 | 62,820,000 | 66,068,000 |
| Noninterest-bearing deposits | 14,551,000 | 13,952,000 | 13,838,000 | 15,623,000 |
| Equity capital | 8,831,000 | 9,063,000 | 9,272,000 | 9,165,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 1,039,000 | 2,090,000 | 3,185,000 | 4,320,000 |
| Interest expense | 99,000 | 199,000 | 304,000 | 405,000 |
| Net interest income | 940,000 | 1,891,000 | 2,881,000 | 3,915,000 |
| Noninterest income | 80,000 | 180,000 | 274,000 | 372,000 |
| Noninterest expense | 457,000 | 924,000 | 1,393,000 | 1,872,000 |
| Provision for loan losses | 120,000 | 167,000 | 287,000 | 287,000 |
| Pretax income | 443,000 | 980,000 | 1,475,000 | 2,152,000 |
| Income tax | 13,000 | 42,000 | 63,000 | 88,000 |
| Net income | 430,000 | 938,000 | 1,412,000 | 2,064,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,769,000 | 9,014,000 | 9,225,000 | 9,134,000 |
| Total capital | 9,589,000 | 9,886,000 | 10,212,000 | 10,121,000 |
| Risk-weighted assets | 76,384,000 | 84,289,000 | 87,979,000 | 92,683,000 |