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 | 674,564,000 | 694,644,000 | 690,244,000 | 735,787,000 |
| Total loans | 484,905,000 | 508,815,000 | 520,442,000 | 528,984,000 |
| Allowance for loan losses | 5,363,000 | 5,245,000 | 5,609,000 | 6,598,000 |
| Securities available for sale | 99,193,000 | 94,906,000 | 102,387,000 | 101,199,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 617,321,000 | 620,499,000 | 601,910,000 | 677,301,000 |
| Interest-bearing deposits | 510,110,000 | 505,678,000 | 494,636,000 | 566,875,000 |
| Noninterest-bearing deposits | 107,211,000 | 114,821,000 | 107,274,000 | 110,426,000 |
| Equity capital | 54,124,000 | 55,491,000 | 59,656,000 | 55,518,000 |
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 | 10,864,000 | 22,499,000 | 34,396,000 | 45,760,000 |
| Interest expense | 3,329,000 | 6,980,000 | 10,995,000 | 15,096,000 |
| Net interest income | 7,535,000 | 15,519,000 | 23,401,000 | 30,664,000 |
| Noninterest income | 932,000 | 1,417,000 | 1,957,000 | 2,604,000 |
| Noninterest expense | 5,164,000 | 10,447,000 | 15,789,000 | 24,577,000 |
| Provision for loan losses | 105,000 | 105,000 | 805,000 | 1,805,000 |
| Pretax income | 3,153,000 | 6,339,000 | 8,669,000 | 6,791,000 |
| Income tax | 781,000 | 1,579,000 | 2,184,000 | 1,680,000 |
| Net income | 2,372,000 | 4,760,000 | 6,485,000 | 5,111,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 65,702,000 | 66,490,000 | 67,966,000 | 66,943,000 |