Call reports 2024
FARMERS AND MERCHANTS BANK — 2024
What FARMERS AND 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 | 272,584,000 | 271,693,000 | 276,005,000 | 286,086,000 |
| Total loans | 106,434,000 | 111,426,000 | 116,664,000 | 116,775,000 |
| Allowance for loan losses | 979,000 | 977,000 | 1,093,000 | 1,173,000 |
| Securities available for sale | 133,462,000 | 129,530,000 | 132,960,000 | 125,220,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 250,698,000 | 248,790,000 | 248,845,000 | 263,463,000 |
| Interest-bearing deposits | 202,841,000 | 200,982,000 | 202,693,000 | 218,425,000 |
| Noninterest-bearing deposits | 47,857,000 | 47,808,000 | 46,152,000 | 45,038,000 |
| Equity capital | 13,814,000 | 14,783,000 | 18,931,000 | 14,331,000 |
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 | 3,077,000 | 6,280,000 | 9,536,000 | 12,881,000 |
| Interest expense | 1,247,000 | 2,538,000 | 3,871,000 | 5,225,000 |
| Net interest income | 1,830,000 | 3,742,000 | 5,665,000 | 7,656,000 |
| Noninterest income | 252,000 | 502,000 | 765,000 | 1,023,000 |
| Noninterest expense | 1,471,000 | 2,747,000 | 4,115,000 | 5,469,000 |
| Provision for loan losses | 60,000 | 135,000 | 250,000 | 350,000 |
| Pretax income | 551,000 | 1,362,000 | 2,065,000 | 2,860,000 |
| Income tax | 94,000 | 249,000 | 373,000 | 522,000 |
| Net income | 457,000 | 1,113,000 | 1,692,000 | 2,338,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 30,538,000 | 31,194,000 | 31,773,000 | 31,501,000 |
| Total capital | 31,518,000 | 32,172,000 | 32,867,000 | 32,674,000 |
| Risk-weighted assets | 176,448,000 | 180,306,000 | 181,833,000 | 188,154,000 |