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 | 645,369,000 | 653,407,000 | 646,846,000 | 647,012,000 |
| Total loans | 441,402,000 | 449,376,000 | 473,160,000 | 474,545,000 |
| Allowance for loan losses | 4,933,000 | 5,407,000 | 5,396,000 | 5,366,000 |
| Securities available for sale | 99,791,000 | 96,464,000 | 96,489,000 | 101,029,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 595,746,000 | 602,780,000 | 591,783,000 | 587,194,000 |
| Interest-bearing deposits | 475,029,000 | 478,383,000 | 474,493,000 | 486,358,000 |
| Noninterest-bearing deposits | 120,717,000 | 124,397,000 | 117,290,000 | 100,836,000 |
| Equity capital | 46,488,000 | 47,431,000 | 47,371,000 | 52,628,000 |
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 | 8,837,000 | 18,494,000 | 28,387,000 | 38,895,000 |
| Interest expense | 1,692,000 | 3,950,000 | 6,516,000 | 9,481,000 |
| Net interest income | 7,145,000 | 14,544,000 | 21,871,000 | 29,414,000 |
| Noninterest income | 542,000 | 740,000 | 998,000 | 1,802,000 |
| Noninterest expense | 4,324,000 | 8,632,000 | 13,555,000 | 19,236,000 |
| Provision for loan losses | 0 | 500,000 | 500,000 | 500,000 |
| Pretax income | 3,328,000 | 6,117,000 | 8,779,000 | 11,445,000 |
| Income tax | 840,000 | 1,538,000 | 2,207,000 | 2,687,000 |
| Net income | 2,488,000 | 4,579,000 | 6,572,000 | 8,758,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 57,188,000 | 59,279,000 | 61,273,000 | 63,540,000 |
| Total capital | 61,712,000 | 64,277,000 | 66,260,000 | 68,497,000 |
| Risk-weighted assets | 433,482,000 | 435,287,000 | 466,850,000 | 464,241,000 |