Call reports 2024
MECHANICS & FARMERS BANK — 2024
What MECHANICS & FARMERS 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 | 427,985,000 | 450,611,000 | 482,541,000 | 498,118,000 |
| Total loans | 271,625,000 | 276,354,000 | 283,200,000 | 284,027,000 |
| Allowance for loan losses | 3,540,000 | 3,805,000 | 3,762,000 | 3,902,000 |
| Securities available for sale | 99,124,000 | 117,964,000 | 139,420,000 | 150,619,000 |
| Securities held to maturity | 4,428,000 | 4,313,000 | 4,204,000 | 4,109,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 361,437,000 | 384,119,000 | 411,410,000 | 430,128,000 |
| Interest-bearing deposits | 269,118,000 | 286,095,000 | 313,912,000 | 335,142,000 |
| Noninterest-bearing deposits | 92,319,000 | 98,024,000 | 97,498,000 | 94,986,000 |
| Equity capital | 59,589,000 | 60,248,000 | 64,353,000 | 62,093,000 |
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 | 5,474,000 | 11,256,000 | 17,435,000 | 23,824,000 |
| Interest expense | 1,013,000 | 2,254,000 | 3,748,000 | 5,410,000 |
| Net interest income | 4,461,000 | 9,002,000 | 13,687,000 | 18,414,000 |
| Noninterest income | 896,000 | 2,078,000 | 3,160,000 | 4,484,000 |
| Noninterest expense | 4,255,000 | 8,551,000 | 12,810,000 | 17,205,000 |
| Provision for loan losses | 197,000 | 406,000 | 447,000 | 797,000 |
| Pretax income | 926,000 | 2,239,000 | 3,763,000 | 5,095,000 |
| Income tax | 198,000 | 465,000 | 793,000 | 1,016,000 |
| Net income | 728,000 | 1,774,000 | 2,970,000 | 4,079,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 69,200,000 | 69,801,000 | 70,923,000 | 71,554,000 |
| Total capital | 72,718,000 | 73,360,000 | 74,606,000 | 75,325,000 |
| Risk-weighted assets | 280,987,000 | 284,190,000 | 294,326,000 | 301,307,000 |