Call reports 2023
FARMERS & MERCHANTS STATE BANK — 2023
What FARMERS & MERCHANTS STATE BANK 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 | 228,918,000 | 226,993,000 | 224,511,000 | 238,186,000 |
| Total loans | 130,885,000 | 132,304,000 | 136,400,000 | 144,696,000 |
| Allowance for loan losses | 1,398,000 | 1,413,000 | 1,413,000 | 1,413,000 |
| Securities available for sale | 77,876,000 | 70,032,000 | 66,500,000 | 67,351,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 203,139,000 | 200,653,000 | 193,857,000 | 211,900,000 |
| Interest-bearing deposits | 140,608,000 | 139,663,000 | 137,097,000 | 148,561,000 |
| Noninterest-bearing deposits | 62,531,000 | 60,990,000 | 56,760,000 | 63,339,000 |
| Equity capital | 19,834,000 | 19,393,000 | 19,214,000 | 20,936,000 |
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 | 2,138,000 | 4,440,000 | 6,841,000 | 9,388,000 |
| Interest expense | 285,000 | 723,000 | 1,250,000 | 1,946,000 |
| Net interest income | 1,853,000 | 3,717,000 | 5,591,000 | 7,442,000 |
| Noninterest income | 219,000 | 446,000 | 666,000 | 832,000 |
| Noninterest expense | 1,157,000 | 2,318,000 | 3,464,000 | 4,625,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 915,000 | 1,845,000 | 2,576,000 | 3,432,000 |
| Income tax | 202,000 | 406,000 | 564,000 | 756,000 |
| Net income | 713,000 | 1,439,000 | 2,012,000 | 2,676,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,379,000 | 23,385,000 | 23,793,000 | 23,853,000 |
| Total capital | 24,702,000 | 24,723,000 | 25,149,000 | 25,266,000 |
| Risk-weighted assets | 146,679,000 | 145,324,000 | 157,059,000 | 165,042,000 |