Call reports 2024
MERCHANTS AND FARMERS BANK — 2024
What MERCHANTS AND FARMERS BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 236,196,000 | 248,807,000 | 256,788,000 | 254,414,000 |
| Total loans | 193,804,000 | 198,639,000 | 207,801,000 | 208,857,000 |
| Allowance for loan losses | 2,509,000 | 2,667,000 | 2,401,000 | 2,962,000 |
| Securities available for sale | 17,041,000 | 16,200,000 | 16,386,000 | 16,960,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 199,661,000 | 210,902,000 | 217,327,000 | 216,617,000 |
| Interest-bearing deposits | 163,706,000 | 175,366,000 | 179,615,000 | 178,426,000 |
| Noninterest-bearing deposits | 35,955,000 | 35,536,000 | 37,712,000 | 38,191,000 |
| Equity capital | 25,138,000 | 25,950,000 | 27,115,000 | 25,796,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 3,690,000 | 7,768,000 | 12,078,000 | 16,471,000 |
| Interest expense | 1,208,000 | 2,612,000 | 4,092,000 | 5,459,000 |
| Net interest income | 2,482,000 | 5,156,000 | 7,986,000 | 11,012,000 |
| Noninterest income | 314,000 | 704,000 | 965,000 | 1,419,000 |
| Noninterest expense | 1,871,000 | 3,699,000 | 5,622,000 | 7,724,000 |
| Provision for loan losses | 120,000 | 240,000 | -28,000 | 96,000 |
| Pretax income | 805,000 | 1,921,000 | 3,011,000 | 4,389,000 |
| Income tax | 178,000 | 425,000 | 703,000 | 1,031,000 |
| Net income | 627,000 | 1,496,000 | 2,308,000 | 3,358,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 26,085,000 | 26,954,000 | 27,766,000 | 26,816,000 |
| Total capital | 28,594,000 | 29,532,000 | 30,421,000 | 29,452,000 |
| Risk-weighted assets | 204,784,000 | 206,150,000 | 212,332,000 | 210,335,000 |