Call reports 2020
MERCHANTS AND FARMERS BANK — 2020
What MERCHANTS AND FARMERS 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 | 155,722,000 | 175,761,000 | 180,009,000 | 179,974,000 |
| Total loans | 112,815,000 | 131,687,000 | 139,321,000 | 122,971,000 |
| Allowance for loan losses | 1,847,000 | 1,914,000 | 1,975,000 | 1,983,000 |
| Securities available for sale | 12,130,000 | 12,850,000 | 11,971,000 | 13,025,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 132,488,000 | 140,822,000 | 151,841,000 | 152,160,000 |
| Interest-bearing deposits | 107,776,000 | 112,079,000 | 122,052,000 | 114,020,000 |
| Noninterest-bearing deposits | 24,712,000 | 28,743,000 | 29,789,000 | 38,140,000 |
| Equity capital | 15,419,000 | 16,923,000 | 17,347,000 | 17,320,000 |
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 | 1,792,000 | 3,734,000 | 5,748,000 | 7,765,000 |
| Interest expense | 290,000 | 567,000 | 832,000 | 1,072,000 |
| Net interest income | 1,502,000 | 3,167,000 | 4,916,000 | 6,693,000 |
| Noninterest income | 260,000 | 450,000 | 628,000 | 896,000 |
| Noninterest expense | 1,253,000 | 2,599,000 | 3,881,000 | 5,274,000 |
| Provision for loan losses | 60,000 | 120,000 | 180,000 | 240,000 |
| Pretax income | 449,000 | 898,000 | 1,483,000 | 2,094,000 |
| Income tax | 98,000 | 197,000 | 352,000 | 469,000 |
| Net income | 351,000 | 701,000 | 1,131,000 | 1,625,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,645,000 | 16,695,000 | 17,126,000 | 17,119,000 |
| Total capital | 17,223,000 | 18,503,000 | 18,997,000 | 18,809,000 |
| Risk-weighted assets | 125,990,000 | 144,539,000 | 149,615,000 | 134,943,000 |