Call reports 2024
FARMERS & MERCHANTS BANK & TRUST — 2024
What FARMERS & MERCHANTS BANK & TRUST 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 | 248,468,000 | 236,906,000 | 239,258,000 | 215,971,000 |
| Total loans | 121,147,000 | 121,496,000 | 120,818,000 | 120,539,000 |
| Allowance for loan losses | 1,653,000 | 1,661,000 | 1,654,000 | 1,678,000 |
| Securities available for sale | 84,710,000 | 81,246,000 | 78,435,000 | 73,627,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 215,146,000 | 202,925,000 | 202,823,000 | 183,974,000 |
| Interest-bearing deposits | 185,439,000 | 170,416,000 | 175,331,000 | 155,818,000 |
| Noninterest-bearing deposits | 29,707,000 | 32,509,000 | 27,492,000 | 28,156,000 |
| Equity capital | 11,306,000 | 11,684,000 | 14,003,000 | 12,426,000 |
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 | 2,016,000 | 4,196,000 | 6,339,000 | 8,418,000 |
| Interest expense | 643,000 | 1,311,000 | 1,955,000 | 2,504,000 |
| Net interest income | 1,373,000 | 2,885,000 | 4,384,000 | 5,914,000 |
| Noninterest income | 877,000 | 1,726,000 | 2,689,000 | 3,593,000 |
| Noninterest expense | 1,991,000 | 4,015,000 | 6,034,000 | 8,425,000 |
| Provision for loan losses | -18,000 | -11,000 | -19,000 | 10,000 |
| Pretax income | 255,000 | 580,000 | 1,049,000 | 1,061,000 |
| Income tax | 47,000 | 111,000 | 211,000 | 175,000 |
| Net income | 208,000 | 469,000 | 838,000 | 886,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 20,388,000 | 20,489,000 | 20,757,000 | 20,620,000 |
| Total capital | 21,977,000 | 22,080,000 | 22,371,000 | 22,199,000 |
| Risk-weighted assets | 126,969,000 | 127,171,000 | 129,044,000 | 126,159,000 |