Call reports 2023
FARMBANK — 2023
What FARMBANK 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 | 80,531,000 | 76,022,000 | 76,976,000 | 77,776,000 |
| Total loans | 50,559,000 | 49,959,000 | 48,566,000 | 47,842,000 |
| Allowance for loan losses | 760,000 | 751,000 | 750,000 | 592,000 |
| Securities available for sale | 18,650,000 | 18,199,000 | 17,162,000 | 16,192,000 |
| Securities held to maturity | 982,000 | 980,000 | 977,000 | 975,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 71,583,000 | 69,773,000 | 71,603,000 | 71,683,000 |
| Interest-bearing deposits | 59,231,000 | 58,994,000 | 61,024,000 | 60,677,000 |
| Noninterest-bearing deposits | 12,352,000 | 10,779,000 | 10,579,000 | 11,006,000 |
| Equity capital | 4,259,000 | 4,241,000 | 3,812,000 | 4,510,000 |
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 | 838,000 | 1,730,000 | 2,622,000 | 3,570,000 |
| Interest expense | 269,000 | 582,000 | 973,000 | 1,460,000 |
| Net interest income | 569,000 | 1,148,000 | 1,649,000 | 2,110,000 |
| Noninterest income | 51,000 | 101,000 | 155,000 | 202,000 |
| Noninterest expense | 555,000 | 1,097,000 | 1,639,000 | 2,178,000 |
| Provision for loan losses | 0 | 0 | 0 | 75,000 |
| Pretax income | 65,000 | 152,000 | 165,000 | 59,000 |
| Income tax | 8,000 | 23,000 | 18,000 | -58,000 |
| Net income | 57,000 | 129,000 | 147,000 | 117,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,052,000 | 6,124,000 | 6,141,000 | 6,146,000 |
| Total capital | 6,767,000 | 6,824,000 | 6,850,000 | 6,738,000 |
| Risk-weighted assets | 57,180,000 | 56,005,000 | 56,737,000 | 53,295,000 |