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 | 157,239,000 | 157,290,000 | 171,792,000 | 175,074,000 |
| Total loans | 98,222,000 | 99,119,000 | 98,449,000 | 100,648,000 |
| Allowance for loan losses | 1,518,000 | 1,565,000 | 1,610,000 | 1,658,000 |
| Securities available for sale | 34,775,000 | 33,564,000 | 41,890,000 | 42,616,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 141,509,000 | 140,977,000 | 145,341,000 | 148,664,000 |
| Interest-bearing deposits | 81,315,000 | 79,399,000 | 84,144,000 | 85,566,000 |
| Noninterest-bearing deposits | 60,194,000 | 61,578,000 | 61,197,000 | 63,098,000 |
| Equity capital | 14,768,000 | 15,198,000 | 25,276,000 | 25,155,000 |
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 | 1,883,000 | 3,908,000 | 6,054,000 | 8,281,000 |
| Interest expense | 364,000 | 755,000 | 1,159,000 | 1,554,000 |
| Net interest income | 1,519,000 | 3,153,000 | 4,895,000 | 6,727,000 |
| Noninterest income | 168,000 | 326,000 | 500,000 | 673,000 |
| Noninterest expense | 1,034,000 | 2,247,000 | 3,481,000 | 4,710,000 |
| Provision for loan losses | 45,000 | 90,000 | 135,000 | 180,000 |
| Pretax income | 608,000 | 1,142,000 | 1,779,000 | 2,511,000 |
| Income tax | 121,000 | 240,000 | 386,000 | 548,000 |
| Net income | 487,000 | 902,000 | 1,393,000 | 1,963,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,516,000 | 15,881,000 | 25,344,000 | 25,915,000 |
| Total capital | 16,691,000 | 17,145,000 | 26,626,000 | 27,182,000 |
| Risk-weighted assets | 93,711,000 | 100,836,000 | 102,233,000 | 101,019,000 |
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