Call reports 2024
FARMERS AND MERCHANTS STATE BANK, THE — 2024
What FARMERS AND MERCHANTS STATE BANK, THE 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 | 34,310,000 | 33,954,000 | 33,354,000 | 34,063,000 |
| Total loans | 13,051,000 | 14,154,000 | 13,945,000 | 14,772,000 |
| Allowance for loan losses | 183,000 | 208,000 | 213,000 | 223,000 |
| Securities available for sale | 14,881,000 | 15,379,000 | 15,403,000 | 14,714,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 31,736,000 | 31,303,000 | 30,194,000 | 31,228,000 |
| Interest-bearing deposits | 25,461,000 | 24,987,000 | 24,472,000 | 24,794,000 |
| Noninterest-bearing deposits | 6,275,000 | 6,316,000 | 5,722,000 | 6,434,000 |
| Equity capital | 2,459,000 | 2,526,000 | 3,008,000 | 2,699,000 |
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 | 404,000 | 844,000 | 1,277,000 | 1,714,000 |
| Interest expense | 99,000 | 201,000 | 306,000 | 409,000 |
| Net interest income | 305,000 | 643,000 | 971,000 | 1,305,000 |
| Noninterest income | 16,000 | 30,000 | 44,000 | 67,000 |
| Noninterest expense | 223,000 | 456,000 | 684,000 | 966,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 98,000 | 217,000 | 331,000 | 406,000 |
| Income tax | 24,000 | 49,000 | 49,000 | 94,000 |
| Net income | 74,000 | 168,000 | 282,000 | 312,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,624,000 | 3,719,000 | 3,832,000 | 3,863,000 |
| Total capital | — | — | — | 4,086,000 |
| Risk-weighted assets | — | — | — | 21,074,000 |