Call reports 2020
FARMERS AND MERCHANTS STATE BANK — 2020
What FARMERS AND MERCHANTS STATE BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 111,724,000 | 117,936,000 | 123,231,000 | 119,665,000 |
| Total loans | 97,176,000 | 103,010,000 | 104,720,000 | 103,194,000 |
| Allowance for loan losses | 1,613,000 | 1,799,000 | 1,700,000 | 1,777,000 |
| Securities available for sale | 6,617,000 | 6,319,000 | 5,615,000 | 4,807,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 98,290,000 | 104,179,000 | 109,011,000 | 105,823,000 |
| Interest-bearing deposits | 80,993,000 | 83,051,000 | 80,444,000 | 77,073,000 |
| Noninterest-bearing deposits | 17,297,000 | 21,128,000 | 28,567,000 | 28,750,000 |
| Equity capital | 12,783,000 | 13,059,000 | 13,449,000 | 13,090,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 1,579,000 | 3,204,000 | 4,674,000 | 6,028,000 |
| Interest expense | 325,000 | 553,000 | 742,000 | 912,000 |
| Net interest income | 1,254,000 | 2,651,000 | 3,932,000 | 5,116,000 |
| Noninterest income | 109,000 | 241,000 | 340,000 | 510,000 |
| Noninterest expense | 585,000 | 1,174,000 | 1,804,000 | 2,444,000 |
| Provision for loan losses | 160,000 | 300,000 | 355,000 | 430,000 |
| Pretax income | 618,000 | 1,418,000 | 2,113,000 | 2,752,000 |
| Income tax | 29,000 | 69,000 | 103,000 | 129,000 |
| Net income | 589,000 | 1,349,000 | 2,010,000 | 2,623,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,673,000 | 12,928,000 | 13,339,000 | 13,000,000 |
| Total capital | 13,979,000 | 14,274,000 | 14,712,000 | 14,371,000 |
| Risk-weighted assets | 104,220,000 | 107,248,000 | 109,530,000 | 109,302,000 |