Call reports 2024
FARMERS & MERCHANTS SAVINGS BANK — 2024
What FARMERS & MERCHANTS SAVINGS 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 | 123,637,000 | 123,661,000 | 119,902,000 | 123,652,000 |
| Total loans | 82,232,000 | 81,277,000 | 80,976,000 | 82,033,000 |
| Allowance for loan losses | 1,086,000 | 1,024,000 | 1,040,000 | 1,027,000 |
| Securities available for sale | 28,858,000 | 28,526,000 | 27,403,000 | 28,591,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 104,053,000 | 103,425,000 | 100,285,000 | 104,957,000 |
| Interest-bearing deposits | 75,137,000 | 74,138,000 | 71,510,000 | 59,032,000 |
| Noninterest-bearing deposits | 28,916,000 | 29,287,000 | 28,775,000 | 45,925,000 |
| Equity capital | 15,262,000 | 15,702,000 | 16,077,000 | 16,030,000 |
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 | 1,266,000 | 2,594,000 | 3,904,000 | 5,253,000 |
| Interest expense | 424,000 | 877,000 | 1,336,000 | 1,805,000 |
| Net interest income | 842,000 | 1,717,000 | 2,568,000 | 3,448,000 |
| Noninterest income | 51,000 | 100,000 | 180,000 | 319,000 |
| Noninterest expense | 607,000 | 1,203,000 | 1,831,000 | 2,489,000 |
| Provision for loan losses | 0 | -63,000 | -47,000 | -49,000 |
| Pretax income | 286,000 | 614,000 | 917,000 | 1,278,000 |
| Income tax | 61,000 | 133,000 | 203,000 | 264,000 |
| Net income | 225,000 | 481,000 | 714,000 | 1,014,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,783,000 | 16,039,000 | 15,832,000 | 16,132,000 |
| Total capital | 16,869,000 | 17,125,000 | — | — |
| Risk-weighted assets | 102,085,000 | 101,649,000 | — | — |