Call reports 2024
FARMERS AND MERCHANTS BANK — 2024
What FARMERS AND MERCHANTS 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 | 17,470,000 | 18,631,000 | 18,451,000 | 18,138,000 |
| Total loans | 6,666,000 | 4,950,000 | 5,789,000 | 5,544,000 |
| Allowance for loan losses | 101,000 | 126,000 | 126,000 | 126,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 3,213,000 | 3,721,000 | 3,994,000 | 3,243,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 15,180,000 | 16,269,000 | 16,027,000 | 15,835,000 |
| Interest-bearing deposits | 9,372,000 | 9,983,000 | 10,348,000 | 10,196,000 |
| Noninterest-bearing deposits | 5,808,000 | 6,286,000 | 5,679,000 | 5,639,000 |
| Equity capital | 2,228,000 | 2,287,000 | 2,342,000 | 2,219,000 |
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 | 242,000 | 491,000 | 747,000 | 986,000 |
| Interest expense | 70,000 | 149,000 | 233,000 | 313,000 |
| Net interest income | 172,000 | 342,000 | 514,000 | 673,000 |
| Noninterest income | 10,000 | 31,000 | 43,000 | 53,000 |
| Noninterest expense | 143,000 | 251,000 | 379,000 | 612,000 |
| Provision for loan losses | 0 | 25,000 | 25,000 | 25,000 |
| Pretax income | 39,000 | 97,000 | 153,000 | 89,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 39,000 | 97,000 | 153,000 | 89,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,228,000 | 2,287,000 | 2,342,000 | 2,219,000 |