Call reports 2024
FARMERS & MERCHANTS BANK — 2024
What FARMERS & 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 | 283,029,000 | 286,851,000 | 290,861,000 | 295,012,000 |
| Total loans | 137,509,000 | 139,817,000 | 147,418,000 | 146,050,000 |
| Allowance for loan losses | 2,122,000 | 2,135,000 | 2,125,000 | 2,045,000 |
| Securities available for sale | 113,008,000 | 115,096,000 | 117,058,000 | 111,540,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 256,482,000 | 259,149,000 | 257,191,000 | 266,651,000 |
| Interest-bearing deposits | 174,600,000 | 177,891,000 | 178,761,000 | 186,160,000 |
| Noninterest-bearing deposits | 81,882,000 | 81,258,000 | 78,430,000 | 80,491,000 |
| Equity capital | 24,588,000 | 25,609,000 | 28,863,000 | 26,319,000 |
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 | 3,220,000 | 6,492,000 | 9,939,000 | 13,377,000 |
| Interest expense | 557,000 | 1,202,000 | 1,889,000 | 2,610,000 |
| Net interest income | 2,663,000 | 5,290,000 | 8,050,000 | 10,767,000 |
| Noninterest income | 370,000 | 870,000 | 1,221,000 | 1,601,000 |
| Noninterest expense | 2,184,000 | 4,440,000 | 6,917,000 | 9,416,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 849,000 | 1,720,000 | 2,359,000 | 2,957,000 |
| Income tax | 171,000 | 354,000 | 503,000 | 502,000 |
| Net income | 678,000 | 1,366,000 | 1,856,000 | 2,455,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 35,622,000 | 36,135,000 | 36,449,000 | 36,874,000 |
| Total capital | 37,744,000 | 38,270,000 | 38,574,000 | 38,919,000 |
| Risk-weighted assets | 210,141,000 | 203,717,000 | 220,045,000 | 208,471,000 |