Call reports 2023
FARMERS AND MERCHANTS BANK — 2023
What FARMERS AND MERCHANTS 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 | 821,114,000 | 877,587,000 | 840,015,000 | 860,919,000 |
| Total loans | 235,111,000 | 239,212,000 | 246,812,000 | 250,426,000 |
| Allowance for loan losses | 1,079,000 | 1,511,000 | 1,340,000 | 1,330,000 |
| Securities available for sale | 487,051,000 | 521,601,000 | 486,927,000 | 508,200,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 660,946,000 | 730,271,000 | 707,968,000 | 722,665,000 |
| Interest-bearing deposits | 648,903,000 | 720,090,000 | 699,513,000 | 713,459,000 |
| Noninterest-bearing deposits | 12,043,000 | 10,181,000 | 8,455,000 | 9,206,000 |
| Equity capital | 60,571,000 | 63,588,000 | 52,649,000 | 69,658,000 |
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 | 8,341,000 | 17,277,000 | 26,844,000 | 36,582,000 |
| Interest expense | 3,290,000 | 7,621,000 | 12,091,000 | 16,413,000 |
| Net interest income | 5,051,000 | 9,656,000 | 14,753,000 | 20,169,000 |
| Noninterest income | 380,000 | 772,000 | 1,102,000 | 1,455,000 |
| Noninterest expense | 2,897,000 | 5,767,000 | 8,945,000 | 12,630,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 2,834,000 | 5,334,000 | 7,812,000 | 10,347,000 |
| Income tax | 489,000 | 916,000 | 1,323,000 | 1,625,000 |
| Net income | 2,345,000 | 4,418,000 | 6,489,000 | 8,722,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 90,877,000 | 92,939,000 | 95,102,000 | 97,335,000 |
| Total capital | 92,456,000 | 94,450,000 | 96,442,000 | 98,665,000 |
| Risk-weighted assets | 465,345,000 | 445,860,000 | 469,968,000 | 426,031,000 |