Call reports 2024
FARMBANK — 2024
What FARMBANK 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 | 77,576,000 | 77,649,000 | 75,743,000 | 75,755,000 |
| Total loans | 49,101,000 | 47,302,000 | 47,447,000 | 48,358,000 |
| Allowance for loan losses | 607,000 | 598,000 | 630,000 | 640,000 |
| Securities available for sale | 17,293,000 | 16,932,000 | 18,105,000 | 17,123,000 |
| Securities held to maturity | 798,000 | 797,000 | 796,000 | 794,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 71,428,000 | 71,987,000 | 70,163,000 | 69,197,000 |
| Interest-bearing deposits | 59,242,000 | 59,995,000 | 57,303,000 | 56,526,000 |
| Noninterest-bearing deposits | 12,186,000 | 11,992,000 | 12,860,000 | 12,671,000 |
| Equity capital | 4,296,000 | 4,277,000 | 4,674,000 | 4,242,000 |
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 | 961,000 | 1,928,000 | 2,922,000 | 3,923,000 |
| Interest expense | 480,000 | 967,000 | 1,482,000 | 1,968,000 |
| Net interest income | 481,000 | 961,000 | 1,440,000 | 1,955,000 |
| Noninterest income | 49,000 | 132,000 | 199,000 | 250,000 |
| Noninterest expense | 610,000 | 1,179,000 | 1,758,000 | 2,371,000 |
| Provision for loan losses | 16,000 | 16,000 | 16,000 | 16,000 |
| Pretax income | -96,000 | -102,000 | -135,000 | -183,000 |
| Income tax | -31,000 | -39,000 | -43,000 | -74,000 |
| Net income | -65,000 | -63,000 | -92,000 | -109,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,072,000 | 6,040,000 | 6,011,000 | 5,994,000 |
| Total capital | 6,680,000 | 6,638,000 | 6,641,000 | 6,634,000 |
| Risk-weighted assets | 56,852,000 | 52,798,000 | 53,490,000 | 53,646,000 |