Call reports 2023
FARMERS & MERCHANTS STATE BANK, THE — 2023
What FARMERS & MERCHANTS STATE BANK, THE 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 | 3,059,955,000 | 3,137,642,000 | 3,224,512,000 | 3,274,450,000 |
| Total loans | 2,447,603,000 | 2,517,252,000 | 2,530,645,000 | 2,582,767,000 |
| Allowance for loan losses | 24,634,000 | 24,910,000 | 25,277,000 | 25,024,000 |
| Securities available for sale | 366,086,000 | 356,850,000 | 342,436,000 | 352,804,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,519,040,000 | 2,473,049,000 | 2,577,156,000 | 2,611,023,000 |
| Interest-bearing deposits | 1,993,023,000 | 1,980,062,000 | 2,069,922,000 | 2,078,998,000 |
| Noninterest-bearing deposits | 526,017,000 | 492,987,000 | 507,234,000 | 532,025,000 |
| Equity capital | 327,505,000 | 327,868,000 | 326,232,000 | 338,893,000 |
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 | 31,728,000 | 65,038,000 | 101,330,000 | 139,526,000 |
| Interest expense | 9,716,000 | 22,690,000 | 39,103,000 | 57,153,000 |
| Net interest income | 22,012,000 | 42,348,000 | 62,227,000 | 82,373,000 |
| Noninterest income | 4,865,000 | 8,930,000 | 12,475,000 | 16,073,000 |
| Noninterest expense | 16,668,000 | 33,346,000 | 50,294,000 | 66,445,000 |
| Provision for loan losses | 817,000 | 960,000 | 1,420,000 | 1,698,000 |
| Pretax income | 8,506,000 | 16,238,000 | 22,354,000 | 29,561,000 |
| Income tax | 1,742,000 | 3,390,000 | 4,615,000 | 6,039,000 |
| Net income | 6,764,000 | 12,848,000 | 17,739,000 | 23,522,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 265,875,000 | 271,404,000 | 273,740,000 | 276,467,000 |
| Total capital | 292,737,000 | 298,413,000 | 298,512,000 | 301,176,000 |
| Risk-weighted assets | 2,405,868,000 | 2,511,609,000 | 2,519,034,000 | 2,567,418,000 |