Call reports 2023
MECHANICS & FARMERS BANK — 2023
What MECHANICS & FARMERS 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 | 421,830,000 | 419,512,000 | 421,595,000 | 429,605,000 |
| Total loans | 243,470,000 | 258,274,000 | 256,321,000 | 269,082,000 |
| Allowance for loan losses | 2,765,000 | 2,863,000 | 3,111,000 | 3,987,000 |
| Securities available for sale | 67,152,000 | 65,146,000 | 60,847,000 | 89,774,000 |
| Securities held to maturity | 4,871,000 | 4,745,000 | 4,620,000 | 4,522,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 361,129,000 | 358,383,000 | 358,299,000 | 362,983,000 |
| Interest-bearing deposits | 260,159,000 | 244,358,000 | 244,783,000 | 262,260,000 |
| Noninterest-bearing deposits | 100,970,000 | 114,025,000 | 113,516,000 | 100,723,000 |
| Equity capital | 55,058,000 | 55,841,000 | 55,081,000 | 59,540,000 |
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 | 4,721,000 | 9,605,000 | 14,560,000 | 19,800,000 |
| Interest expense | 291,000 | 657,000 | 1,126,000 | 1,892,000 |
| Net interest income | 4,430,000 | 8,948,000 | 13,434,000 | 17,908,000 |
| Noninterest income | 1,191,000 | 2,323,000 | 3,934,000 | 5,854,000 |
| Noninterest expense | 3,622,000 | 7,576,000 | 11,721,000 | 16,073,000 |
| Provision for loan losses | -78,000 | 23,000 | 282,000 | 1,171,000 |
| Pretax income | 2,067,000 | 3,625,000 | 5,221,000 | 6,420,000 |
| Income tax | 453,000 | 790,000 | 1,143,000 | 1,414,000 |
| Net income | 1,614,000 | 2,835,000 | 4,078,000 | 5,006,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 65,150,000 | 66,374,000 | 67,617,000 | 68,546,000 |
| Total capital | 68,281,000 | 69,640,000 | 70,984,000 | 72,051,000 |
| Risk-weighted assets | 256,666,000 | 268,977,000 | 269,143,000 | 279,512,000 |