Call reports 2023
FARMERS & MERCHANTS SAVINGS BANK — 2023
What FARMERS & MERCHANTS SAVINGS 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 | 88,230,000 | 86,548,000 | 88,387,000 | 120,557,000 |
| Total loans | 62,523,000 | 65,058,000 | 66,915,000 | 81,304,000 |
| Allowance for loan losses | 821,000 | 821,000 | 821,000 | 1,086,000 |
| Securities available for sale | 13,542,000 | 12,972,000 | 12,682,000 | 29,297,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 74,662,000 | 72,565,000 | 69,905,000 | 100,367,000 |
| Interest-bearing deposits | 55,170,000 | 54,524,000 | 52,848,000 | 74,764,000 |
| Noninterest-bearing deposits | 19,492,000 | 18,041,000 | 17,057,000 | 25,603,000 |
| Equity capital | 12,277,000 | 12,454,000 | 12,151,000 | 15,521,000 |
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 | 799,000 | 1,637,000 | 2,552,000 | 4,651,000 |
| Interest expense | 156,000 | 318,000 | 563,000 | 1,118,000 |
| Net interest income | 643,000 | 1,319,000 | 1,989,000 | 3,533,000 |
| Noninterest income | 50,000 | 87,000 | 152,000 | 258,000 |
| Noninterest expense | 443,000 | 919,000 | 1,398,000 | 2,636,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 250,000 | 487,000 | 743,000 | 1,145,000 |
| Income tax | 45,000 | 60,000 | 116,000 | 215,000 |
| Net income | 205,000 | 427,000 | 627,000 | 930,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,912,000 | 12,135,000 | 11,950,000 | 16,008,000 |
| Total capital | 12,733,000 | 12,956,000 | — | 17,094,000 |
| Risk-weighted assets | 70,404,000 | 71,460,000 | — | 100,747,000 |