Call reports 2024
FARMERS AND MERCHANTS BANK — 2024
What FARMERS AND MERCHANTS 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 | 891,915,000 | 911,435,000 | 918,245,000 | 966,788,000 |
| Total loans | 241,600,000 | 254,702,000 | 254,244,000 | 256,718,000 |
| Allowance for loan losses | 1,367,000 | 1,383,000 | 1,395,000 | 964,000 |
| Securities available for sale | 520,130,000 | 534,953,000 | 542,240,000 | 578,172,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 747,075,000 | 764,401,000 | 770,487,000 | 812,085,000 |
| Interest-bearing deposits | 737,720,000 | 755,710,000 | 761,346,000 | 801,118,000 |
| Noninterest-bearing deposits | 9,355,000 | 8,691,000 | 9,141,000 | 10,967,000 |
| Equity capital | 69,090,000 | 69,707,000 | 76,336,000 | 70,882,000 |
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 | 9,727,000 | 20,117,000 | 30,428,000 | 41,074,000 |
| Interest expense | 4,690,000 | 10,075,000 | 15,861,000 | 21,235,000 |
| Net interest income | 5,037,000 | 10,042,000 | 14,567,000 | 19,839,000 |
| Noninterest income | 347,000 | 698,000 | 1,046,000 | 1,609,000 |
| Noninterest expense | 3,312,000 | 6,838,000 | 10,341,000 | 13,848,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 2,236,000 | 4,242,000 | 5,854,000 | 8,287,000 |
| Income tax | 358,000 | 668,000 | 896,000 | 1,249,000 |
| Net income | 1,878,000 | 3,574,000 | 4,958,000 | 7,038,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 94,712,000 | 96,540,000 | 97,793,000 | 99,873,000 |
| Total capital | 96,079,000 | 97,923,000 | 99,188,000 | 100,837,000 |
| Risk-weighted assets | 442,415,000 | 454,124,000 | 469,769,000 | 470,243,000 |