Call reports 2023
FARMERS AND MERCHANTS BANK — 2023
What FARMERS AND 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 | 268,594,000 | 259,411,000 | 264,062,000 | 275,163,000 |
| Total loans | 91,609,000 | 95,365,000 | 95,772,000 | 98,947,000 |
| Allowance for loan losses | 986,000 | 1,018,000 | 1,036,000 | 959,000 |
| Securities available for sale | 139,619,000 | 134,667,000 | 126,111,000 | 136,516,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 248,547,000 | 238,907,000 | 247,671,000 | 252,866,000 |
| Interest-bearing deposits | 197,896,000 | 188,230,000 | 196,460,000 | 205,298,000 |
| Noninterest-bearing deposits | 50,651,000 | 50,677,000 | 51,211,000 | 47,568,000 |
| Equity capital | 12,499,000 | 12,891,000 | 8,352,000 | 14,316,000 |
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 | 2,594,000 | 5,323,000 | 8,161,000 | 11,115,000 |
| Interest expense | 539,000 | 1,253,000 | 2,250,000 | 3,399,000 |
| Net interest income | 2,055,000 | 4,070,000 | 5,911,000 | 7,716,000 |
| Noninterest income | 253,000 | 502,000 | 737,000 | 978,000 |
| Noninterest expense | 1,368,000 | 2,686,000 | 4,060,000 | 5,350,000 |
| Provision for loan losses | 20,000 | 40,000 | 50,000 | 100,000 |
| Pretax income | 920,000 | 1,846,000 | 2,538,000 | 3,244,000 |
| Income tax | 185,000 | 362,000 | 477,000 | 606,000 |
| Net income | 735,000 | 1,484,000 | 2,061,000 | 2,638,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 29,097,000 | 29,846,000 | 30,422,000 | 30,081,000 |
| Total capital | 30,083,000 | 30,864,000 | 31,458,000 | 31,040,000 |
| Risk-weighted assets | 165,769,000 | 166,129,000 | 170,917,000 | 171,176,000 |