Call reports 2024
FARMERS & MERCHANTS STATE BANK, THE — 2024
What FARMERS & MERCHANTS STATE BANK, THE 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 | 3,279,127,000 | 3,314,855,000 | 3,381,511,000 | 3,357,642,000 |
| Total loans | 2,543,777,000 | 2,561,366,000 | 2,540,042,000 | 2,564,865,000 |
| Allowance for loan losses | 24,680,000 | 25,270,000 | 25,484,000 | 25,826,000 |
| Securities available for sale | 342,355,000 | 360,579,000 | 400,190,000 | 422,165,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,625,471,000 | 2,645,108,000 | 2,688,328,000 | 2,691,097,000 |
| Interest-bearing deposits | 2,110,651,000 | 2,162,021,000 | 2,203,369,000 | 2,169,861,000 |
| Noninterest-bearing deposits | 514,820,000 | 483,087,000 | 484,959,000 | 521,236,000 |
| Equity capital | 340,095,000 | 345,428,000 | 358,495,000 | 358,127,000 |
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 | 38,594,000 | 79,700,000 | 121,540,000 | 163,332,000 |
| Interest expense | 18,252,000 | 37,758,000 | 57,786,000 | 76,522,000 |
| Net interest income | 20,342,000 | 41,942,000 | 63,754,000 | 86,810,000 |
| Noninterest income | 3,761,000 | 7,322,000 | 11,042,000 | 14,751,000 |
| Noninterest expense | 17,365,000 | 33,941,000 | 50,868,000 | 66,675,000 |
| Provision for loan losses | -289,000 | 316,000 | 598,000 | 944,000 |
| Pretax income | 7,305,000 | 15,268,000 | 23,873,000 | 34,626,000 |
| Income tax | 1,536,000 | 3,187,000 | 4,889,000 | 7,087,000 |
| Net income | 5,769,000 | 12,081,000 | 18,984,000 | 27,539,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 278,839,000 | 282,597,000 | 286,944,000 | 292,845,000 |
| Total capital | 303,780,000 | 308,110,000 | 312,404,000 | 318,527,000 |
| Risk-weighted assets | 2,547,179,000 | 2,559,739,000 | 2,544,018,000 | 2,568,521,000 |