Call reports 2024
FARMERS AND MERCHANTS STATE BANK — 2024
What FARMERS AND MERCHANTS STATE BANK 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 | 145,159,000 | 152,228,000 | 158,012,000 | 160,400,000 |
| Total loans | 109,690,000 | 115,253,000 | 116,538,000 | 123,464,000 |
| Allowance for loan losses | 1,722,000 | 1,700,000 | 1,720,000 | 1,759,000 |
| Securities available for sale | 25,006,000 | 24,712,000 | 25,195,000 | 22,405,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 118,226,000 | 121,871,000 | 130,228,000 | 138,697,000 |
| Interest-bearing deposits | 91,210,000 | 98,419,000 | 104,964,000 | 111,213,000 |
| Noninterest-bearing deposits | 27,016,000 | 23,452,000 | 25,264,000 | 27,484,000 |
| Equity capital | 13,912,000 | 14,563,000 | 15,970,000 | 15,484,000 |
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 | 2,431,000 | 4,870,000 | 7,519,000 | 10,232,000 |
| Interest expense | 855,000 | 1,673,000 | 2,570,000 | 3,359,000 |
| Net interest income | 1,576,000 | 3,197,000 | 4,949,000 | 6,873,000 |
| Noninterest income | 137,000 | 310,000 | 476,000 | 655,000 |
| Noninterest expense | 764,000 | 1,500,000 | 2,289,000 | 3,052,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 603,000 | 1,661,000 | 2,790,000 | 4,039,000 |
| Income tax | 27,000 | 79,000 | 135,000 | 191,000 |
| Net income | 576,000 | 1,582,000 | 2,655,000 | 3,848,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,887,000 | 16,477,000 | 17,133,000 | 17,285,000 |
| Total capital | 17,435,000 | 18,087,000 | 18,773,000 | 19,016,000 |
| Risk-weighted assets | 123,671,000 | 128,715,000 | 131,128,000 | 138,477,000 |