Call reports 2023
MERCHANTS AND FARMERS BANK — 2023
What MERCHANTS AND FARMERS BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 231,590,000 | 230,269,000 | 247,322,000 | 236,498,000 |
| Total loans | 177,323,000 | 188,515,000 | 199,239,000 | 189,963,000 |
| Allowance for loan losses | 2,498,000 | 2,592,000 | 2,629,000 | 2,407,000 |
| Securities available for sale | 13,508,000 | 13,062,000 | 12,364,000 | 16,896,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 184,945,000 | 194,694,000 | 210,813,000 | 200,681,000 |
| Interest-bearing deposits | 144,573,000 | 155,711,000 | 171,036,000 | 156,006,000 |
| Noninterest-bearing deposits | 40,372,000 | 38,983,000 | 39,777,000 | 44,675,000 |
| Equity capital | 23,650,000 | 24,311,000 | 24,959,000 | 24,663,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 2,819,000 | 6,210,000 | 9,827,000 | 13,643,000 |
| Interest expense | 504,000 | 1,400,000 | 2,478,000 | 3,637,000 |
| Net interest income | 2,315,000 | 4,810,000 | 7,349,000 | 10,006,000 |
| Noninterest income | 290,000 | 552,000 | 817,000 | 1,244,000 |
| Noninterest expense | 1,704,000 | 3,352,000 | 5,218,000 | 6,968,000 |
| Provision for loan losses | 90,000 | 180,000 | 280,000 | 600,000 |
| Pretax income | 786,000 | 1,805,000 | 2,706,000 | 3,720,000 |
| Income tax | 187,000 | 440,000 | 647,000 | 916,000 |
| Net income | 599,000 | 1,365,000 | 2,059,000 | 2,804,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 24,753,000 | 25,518,000 | 26,213,000 | 25,458,000 |
| Total capital | 27,198,000 | 28,047,000 | 28,831,000 | 27,773,000 |
| Risk-weighted assets | 195,528,000 | 202,294,000 | 209,411,000 | 185,126,000 |