Call reports 2014
FARMERS & MERCHANTS STATE BANK — 2014
What FARMERS & MERCHANTS STATE BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 193,725,000 | 186,647,000 | 180,221,000 | 184,473,000 |
| Total loans | 99,863,000 | 102,956,000 | 105,427,000 | 109,897,000 |
| Allowance for loan losses | 1,151,000 | 1,151,000 | 1,151,000 | 1,201,000 |
| Securities available for sale | 67,067,000 | 66,807,000 | 64,592,000 | 61,571,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 167,881,000 | 160,765,000 | 151,832,000 | 158,264,000 |
| Interest-bearing deposits | 136,416,000 | 133,739,000 | 126,126,000 | 124,594,000 |
| Noninterest-bearing deposits | 31,465,000 | 27,026,000 | 25,706,000 | 33,670,000 |
| Equity capital | 20,325,000 | 20,739,000 | 21,265,000 | 21,149,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 1,612,000 | 3,261,000 | 4,954,000 | 6,664,000 |
| Interest expense | 243,000 | 445,000 | 641,000 | 830,000 |
| Net interest income | 1,369,000 | 2,816,000 | 4,313,000 | 5,834,000 |
| Noninterest income | 205,000 | 419,000 | 555,000 | 704,000 |
| Noninterest expense | 878,000 | 1,773,000 | 2,727,000 | 3,706,000 |
| Provision for loan losses | 0 | 0 | 0 | 50,000 |
| Pretax income | 734,000 | 1,500,000 | 2,193,000 | 2,834,000 |
| Income tax | 192,000 | 395,000 | 570,000 | 717,000 |
| Net income | 542,000 | 1,105,000 | 1,623,000 | 2,117,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 20,069,000 | 20,232,000 | 20,750,000 | 20,680,000 |
| Total capital | 21,220,000 | 21,383,000 | 21,901,000 | 21,881,000 |
| Risk-weighted assets | 121,661,000 | 124,318,000 | 127,411,000 | 131,050,000 |