Call reports 2023
FARMERS & MERCHANTS BANK — 2023
What FARMERS & 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 | 291,720,000 | 287,725,000 | 289,059,000 | 298,594,000 |
| Total loans | 134,333,000 | 140,473,000 | 141,157,000 | 138,297,000 |
| Allowance for loan losses | 2,076,000 | 2,071,000 | 2,083,000 | 2,155,000 |
| Securities available for sale | 118,448,000 | 115,213,000 | 108,911,000 | 115,389,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 264,321,000 | 253,736,000 | 257,386,000 | 271,816,000 |
| Interest-bearing deposits | 179,978,000 | 169,815,000 | 172,058,000 | 188,561,000 |
| Noninterest-bearing deposits | 84,343,000 | 83,921,000 | 85,328,000 | 83,255,000 |
| Equity capital | 25,588,000 | 24,524,000 | 22,001,000 | 24,804,000 |
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 | 2,976,000 | 5,936,000 | 8,984,000 | 11,912,000 |
| Interest expense | 197,000 | 467,000 | 956,000 | 1,554,000 |
| Net interest income | 2,779,000 | 5,469,000 | 8,028,000 | 10,358,000 |
| Noninterest income | 374,000 | 725,000 | 1,102,000 | 1,339,000 |
| Noninterest expense | 2,148,000 | 4,339,000 | 6,735,000 | 9,154,000 |
| Provision for loan losses | 0 | 0 | 0 | 1,750,000 |
| Pretax income | 1,005,000 | 1,846,000 | 2,386,000 | 517,000 |
| Income tax | 172,000 | 334,000 | 450,000 | 42,000 |
| Net income | 833,000 | 1,512,000 | 1,936,000 | 475,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 36,003,000 | 36,506,000 | 36,756,000 | 35,119,000 |
| Total capital | 38,079,000 | 38,577,000 | 38,839,000 | 37,274,000 |
| Risk-weighted assets | 201,237,000 | 206,187,000 | 210,597,000 | 211,676,000 |