Call reports 2023
FARMERS AND MERCHANTS STATE BANK — 2023
What FARMERS AND MERCHANTS STATE BANK 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 | 138,028,000 | 138,653,000 | 139,177,000 | 151,570,000 |
| Total loans | 99,477,000 | 101,888,000 | 103,155,000 | 114,277,000 |
| Allowance for loan losses | 1,549,000 | 1,589,000 | 1,687,000 | 1,680,000 |
| Securities available for sale | 24,955,000 | 26,263,000 | 24,534,000 | 25,273,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 124,962,000 | 124,326,000 | 117,935,000 | 126,666,000 |
| Interest-bearing deposits | 96,050,000 | 94,237,000 | 93,542,000 | 101,259,000 |
| Noninterest-bearing deposits | 28,912,000 | 30,089,000 | 24,393,000 | 25,407,000 |
| Equity capital | 12,173,000 | 12,540,000 | 12,111,000 | 13,609,000 |
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 | 1,697,000 | 3,690,000 | 5,796,000 | 8,091,000 |
| Interest expense | 391,000 | 855,000 | 1,410,000 | 2,126,000 |
| Net interest income | 1,306,000 | 2,835,000 | 4,386,000 | 5,965,000 |
| Noninterest income | 131,000 | 301,000 | 445,000 | 633,000 |
| Noninterest expense | 715,000 | 1,418,000 | 2,169,000 | 2,911,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 722,000 | 1,718,000 | 2,174,000 | 3,199,000 |
| Income tax | 34,000 | 83,000 | 105,000 | 150,000 |
| Net income | 688,000 | 1,635,000 | 2,069,000 | 3,049,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,700,000 | 15,231,000 | 15,249,000 | 15,726,000 |
| Total capital | 16,100,000 | 16,668,000 | 16,707,000 | 17,319,000 |
| Risk-weighted assets | 111,883,000 | 114,868,000 | 116,460,000 | 127,353,000 |