Call reports 2020
FARMERS & MERCHANTS STATE BANK — 2020
What FARMERS & MERCHANTS STATE BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 186,956,000 | 205,164,000 | 206,523,000 | 216,646,000 |
| Total loans | 119,537,000 | 126,335,000 | 125,886,000 | 123,965,000 |
| Allowance for loan losses | 1,263,000 | 1,290,000 | 1,290,000 | 1,290,000 |
| Securities available for sale | 47,750,000 | 47,243,000 | 49,786,000 | 52,540,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 162,315,000 | 179,911,000 | 180,341,000 | 190,413,000 |
| Interest-bearing deposits | 125,273,000 | 134,144,000 | 133,603,000 | 137,585,000 |
| Noninterest-bearing deposits | 37,042,000 | 45,767,000 | 46,738,000 | 52,828,000 |
| Equity capital | 19,748,000 | 20,415,000 | 20,958,000 | 21,015,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 1,828,000 | 3,591,000 | 5,370,000 | 7,093,000 |
| Interest expense | 242,000 | 456,000 | 664,000 | 851,000 |
| Net interest income | 1,586,000 | 3,135,000 | 4,706,000 | 6,242,000 |
| Noninterest income | 167,000 | 329,000 | 645,000 | 971,000 |
| Noninterest expense | 986,000 | 1,961,000 | 2,962,000 | 4,060,000 |
| Provision for loan losses | 0 | 100,000 | 100,000 | 100,000 |
| Pretax income | 767,000 | 1,397,000 | 2,283,000 | 3,047,000 |
| Income tax | 154,000 | 274,000 | 461,000 | 611,000 |
| Net income | 613,000 | 1,123,000 | 1,822,000 | 2,436,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 19,605,000 | 19,676,000 | 20,209,000 | 20,273,000 |
| Total capital | 20,868,000 | 20,966,000 | 21,499,000 | 21,563,000 |
| Risk-weighted assets | 139,744,000 | 144,512,000 | 142,210,000 | 144,363,000 |