Call reports 2017
MERCHANTS AND FARMERS BANK — 2017
What MERCHANTS AND FARMERS BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 126,838,000 | 132,038,000 | 137,159,000 | 132,956,000 |
| Total loans | 92,835,000 | 103,295,000 | 110,324,000 | 100,452,000 |
| Allowance for loan losses | 1,197,000 | 1,259,000 | 1,291,000 | 1,477,000 |
| Securities available for sale | 14,623,000 | 13,926,000 | 13,439,000 | 14,352,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 108,918,000 | 110,980,000 | 110,476,000 | 119,158,000 |
| Interest-bearing deposits | 86,311,000 | 90,050,000 | 88,569,000 | 93,350,000 |
| Noninterest-bearing deposits | 22,607,000 | 20,930,000 | 21,907,000 | 25,808,000 |
| Equity capital | 12,838,000 | 13,092,000 | 13,450,000 | 12,919,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 1,287,000 | 2,706,000 | 4,263,000 | 5,765,000 |
| Interest expense | 101,000 | 215,000 | 369,000 | 510,000 |
| Net interest income | 1,186,000 | 2,491,000 | 3,894,000 | 5,255,000 |
| Noninterest income | 241,000 | 467,000 | 690,000 | 963,000 |
| Noninterest expense | 1,027,000 | 2,203,000 | 3,245,000 | 4,508,000 |
| Provision for loan losses | 135,000 | 195,000 | 255,000 | 455,000 |
| Pretax income | 265,000 | 559,000 | 1,084,000 | 1,255,000 |
| Income tax | 74,000 | 173,000 | 330,000 | 367,000 |
| Net income | 191,000 | 386,000 | 754,000 | 888,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,848,000 | 13,043,000 | 13,411,000 | 12,945,000 |
| Total capital | 14,045,000 | 14,302,000 | 14,702,000 | 14,331,000 |
| Risk-weighted assets | 109,054,000 | 115,553,000 | 119,628,000 | 110,807,000 |