Call reports 2023
FARMERS AND MERCHANTS BANK — 2023
What FARMERS AND MERCHANTS 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 | 18,900,000 | 18,157,000 | 17,738,000 | 17,432,000 |
| Total loans | 6,996,000 | 6,730,000 | 5,781,000 | 6,348,000 |
| Allowance for loan losses | 76,000 | 76,000 | 76,000 | 101,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 6,273,000 | 5,807,000 | 4,441,000 | 4,858,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 16,670,000 | 15,836,000 | 15,317,000 | 15,165,000 |
| Interest-bearing deposits | 9,381,000 | 9,122,000 | 8,891,000 | 8,974,000 |
| Noninterest-bearing deposits | 7,289,000 | 6,714,000 | 6,427,000 | 6,191,000 |
| Equity capital | 2,204,000 | 2,280,000 | 2,357,000 | 2,189,000 |
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 | 213,000 | 436,000 | 672,000 | 918,000 |
| Interest expense | 41,000 | 95,000 | 158,000 | 227,000 |
| Net interest income | 172,000 | 341,000 | 514,000 | 691,000 |
| Noninterest income | 20,000 | 30,000 | 41,000 | 54,000 |
| Noninterest expense | 131,000 | 234,000 | 341,000 | 568,000 |
| Provision for loan losses | 0 | 0 | 0 | 25,000 |
| Pretax income | 61,000 | 137,000 | 214,000 | 152,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 61,000 | 137,000 | 214,000 | 152,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,203,000 | 2,280,000 | 2,357,000 | 2,189,000 |