Call reports 2022
FARMERS & MERCHANTS STATE BANK, THE — 2022
What FARMERS & MERCHANTS STATE BANK, THE reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 2,657,907,000 | 2,647,206,000 | 2,748,849,000 | 3,002,849,000 |
| Total loans | 1,968,280,000 | 2,039,048,000 | 2,144,798,000 | 2,357,214,000 |
| Allowance for loan losses | 16,771,000 | 18,424,000 | 19,990,000 | 20,313,000 |
| Securities available for sale | 403,733,000 | 389,300,000 | 385,225,000 | 382,111,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,258,973,000 | 2,227,324,000 | 2,286,095,000 | 2,485,265,000 |
| Interest-bearing deposits | 1,756,348,000 | 1,720,651,000 | 1,776,107,000 | 1,936,070,000 |
| Noninterest-bearing deposits | 502,625,000 | 506,673,000 | 509,988,000 | 549,195,000 |
| Equity capital | 290,521,000 | 287,643,000 | 287,048,000 | 317,081,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 21,840,000 | 45,685,000 | 71,420,000 | 100,796,000 |
| Interest expense | 1,597,000 | 3,298,000 | 6,267,000 | 12,773,000 |
| Net interest income | 20,243,000 | 42,387,000 | 65,153,000 | 88,023,000 |
| Noninterest income | 4,190,000 | 7,736,000 | 11,520,000 | 15,530,000 |
| Noninterest expense | 13,404,000 | 26,647,000 | 40,485,000 | 57,463,000 |
| Provision for loan losses | 580,000 | 2,208,000 | 3,845,000 | 4,600,000 |
| Pretax income | 10,568,000 | 21,367,000 | 32,445,000 | 41,622,000 |
| Income tax | 2,134,000 | 4,364,000 | 6,648,000 | 8,488,000 |
| Net income | 8,434,000 | 17,003,000 | 25,797,000 | 33,134,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 225,606,000 | 234,405,000 | 240,430,000 | 259,510,000 |
| Total capital | 243,453,000 | 253,996,000 | 261,538,000 | 281,085,000 |
| Risk-weighted assets | 1,951,963,000 | 2,024,900,000 | 2,137,381,000 | 2,328,064,000 |