Call reports 2024
FARMERS & MERCHANTS STATE BANK — 2024
What FARMERS & MERCHANTS STATE BANK 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 | 230,436,000 | 235,599,000 | 239,750,000 | 259,697,000 |
| Total loans | 144,221,000 | 148,218,000 | 150,098,000 | 150,294,000 |
| Allowance for loan losses | 1,416,000 | 1,416,000 | 1,416,000 | 1,416,000 |
| Securities available for sale | 66,640,000 | 66,257,000 | 67,687,000 | 71,315,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 204,019,000 | 209,556,000 | 211,669,000 | 232,791,000 |
| Interest-bearing deposits | 147,563,000 | 150,119,000 | 153,145,000 | 169,179,000 |
| Noninterest-bearing deposits | 56,456,000 | 59,437,000 | 58,524,000 | 63,612,000 |
| Equity capital | 21,162,000 | 21,510,000 | 23,206,000 | 22,688,000 |
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 | 2,591,000 | 5,237,000 | 8,069,000 | 11,030,000 |
| Interest expense | 716,000 | 1,475,000 | 2,363,000 | 3,261,000 |
| Net interest income | 1,875,000 | 3,762,000 | 5,706,000 | 7,769,000 |
| Noninterest income | 189,000 | 417,000 | 644,000 | 845,000 |
| Noninterest expense | 1,223,000 | 2,440,000 | 3,681,000 | 4,960,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 841,000 | 1,739,000 | 2,669,000 | 3,654,000 |
| Income tax | 185,000 | 386,000 | 596,000 | 800,000 |
| Net income | 656,000 | 1,353,000 | 2,073,000 | 2,854,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 24,338,000 | 24,595,000 | 25,149,000 | 25,365,000 |
| Total capital | 25,716,000 | 25,973,000 | 26,527,000 | 26,743,000 |
| Risk-weighted assets | 162,672,000 | 163,693,000 | 160,854,000 | 163,046,000 |