Call reports 2019
MERCHANTS AND FARMERS BANK — 2019
What MERCHANTS AND FARMERS BANK reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 131,339,000 | 148,462,000 | 160,578,000 | 152,220,000 |
| Total loans | 104,163,000 | 117,501,000 | 130,377,000 | 117,988,000 |
| Allowance for loan losses | 1,704,000 | 1,744,000 | 1,758,000 | 1,808,000 |
| Securities available for sale | 9,335,000 | 11,615,000 | 9,855,000 | 12,149,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 116,922,000 | 132,360,000 | 132,481,000 | 136,382,000 |
| Interest-bearing deposits | 95,142,000 | 108,429,000 | 110,778,000 | 111,968,000 |
| Noninterest-bearing deposits | 21,780,000 | 23,931,000 | 21,703,000 | 24,414,000 |
| Equity capital | 13,482,000 | 13,463,000 | 13,907,000 | 15,066,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 1,575,000 | 3,328,000 | 5,321,000 | 7,325,000 |
| Interest expense | 248,000 | 540,000 | 917,000 | 1,263,000 |
| Net interest income | 1,327,000 | 2,788,000 | 4,404,000 | 6,062,000 |
| Noninterest income | 188,000 | 405,000 | 627,000 | 924,000 |
| Noninterest expense | 1,171,000 | 2,509,000 | 3,753,000 | 5,150,000 |
| Provision for loan losses | 60,000 | 120,000 | 180,000 | 240,000 |
| Pretax income | 284,000 | 564,000 | 1,097,000 | 1,595,000 |
| Income tax | 51,000 | 110,000 | 241,000 | 336,000 |
| Net income | 233,000 | 454,000 | 856,000 | 1,259,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,518,000 | 13,439,000 | 13,841,000 | 14,994,000 |
| Total capital | 14,974,000 | 15,045,000 | 15,546,000 | 16,589,000 |
| Risk-weighted assets | 116,212,000 | 128,355,000 | 136,355,000 | 127,381,000 |