Call reports 2021
MERCHANTS AND FARMERS BANK — 2021
What MERCHANTS AND FARMERS BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 177,917,000 | 181,761,000 | 186,320,000 | 198,920,000 |
| Total loans | 118,886,000 | 132,448,000 | 144,750,000 | 132,898,000 |
| Allowance for loan losses | 2,029,000 | 1,896,000 | 1,868,000 | 1,922,000 |
| Securities available for sale | 13,159,000 | 18,522,000 | 18,034,000 | 17,196,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 149,788,000 | 153,435,000 | 157,558,000 | 170,111,000 |
| Interest-bearing deposits | 117,916,000 | 122,823,000 | 123,568,000 | 129,777,000 |
| Noninterest-bearing deposits | 31,872,000 | 30,612,000 | 33,990,000 | 40,334,000 |
| Equity capital | 17,553,000 | 17,909,000 | 18,368,000 | 18,490,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 1,848,000 | 3,602,000 | 5,662,000 | 7,704,000 |
| Interest expense | 209,000 | 407,000 | 586,000 | 751,000 |
| Net interest income | 1,639,000 | 3,195,000 | 5,076,000 | 6,953,000 |
| Noninterest income | 257,000 | 498,000 | 693,000 | 984,000 |
| Noninterest expense | 1,282,000 | 2,561,000 | 3,968,000 | 5,438,000 |
| Provision for loan losses | 60,000 | 120,000 | 180,000 | 230,000 |
| Pretax income | 554,000 | 1,012,000 | 1,621,000 | 2,269,000 |
| Income tax | 124,000 | 225,000 | 372,000 | 507,000 |
| Net income | 430,000 | 787,000 | 1,249,000 | 1,762,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 17,549,000 | 17,806,000 | 18,268,000 | 18,429,000 |
| Total capital | 19,270,000 | 19,604,000 | 20,136,000 | 20,315,000 |
| Risk-weighted assets | 137,366,000 | 143,764,000 | 156,596,000 | 150,858,000 |