Call reports 2023
FARMERS AND MERCHANTS STATE BANK, THE — 2023
What FARMERS AND MERCHANTS STATE BANK, THE 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 | 34,661,000 | 33,594,000 | 32,498,000 | 34,209,000 |
| Total loans | 12,312,000 | 13,116,000 | 13,297,000 | 13,625,000 |
| Allowance for loan losses | 177,000 | 178,000 | 180,000 | 181,000 |
| Securities available for sale | 18,170,000 | 17,754,000 | 16,650,000 | 17,174,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 32,350,000 | 31,244,000 | 30,224,000 | 31,615,000 |
| Interest-bearing deposits | 25,469,000 | 25,480,000 | 24,274,000 | 25,026,000 |
| Noninterest-bearing deposits | 6,881,000 | 5,764,000 | 5,950,000 | 6,589,000 |
| Equity capital | 2,276,000 | 2,308,000 | 1,920,000 | 2,536,000 |
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 | 340,000 | 695,000 | 1,059,000 | 1,441,000 |
| Interest expense | 38,000 | 91,000 | 161,000 | 246,000 |
| Net interest income | 302,000 | 604,000 | 898,000 | 1,195,000 |
| Noninterest income | 22,000 | 41,000 | 68,000 | 81,000 |
| Noninterest expense | 201,000 | 445,000 | 689,000 | 977,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 123,000 | 200,000 | 277,000 | 299,000 |
| Income tax | 0 | 8,000 | 20,000 | 60,000 |
| Net income | 123,000 | 192,000 | 257,000 | 239,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,476,000 | 3,545,000 | 3,611,000 | 3,593,000 |