Call reports 2023
FARMERS AND MERCHANTS BANK OF ST. CLAIR — 2023
What FARMERS AND MERCHANTS BANK OF ST. CLAIR 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 | 337,885,000 | 347,055,000 | 337,217,000 | 335,099,000 |
| Total loans | 219,727,000 | 222,533,000 | 222,736,000 | 221,138,000 |
| Allowance for loan losses | 2,713,000 | 2,643,000 | 2,642,000 | 2,553,000 |
| Securities available for sale | 77,822,000 | 77,853,000 | 74,881,000 | 78,146,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 304,582,000 | 313,213,000 | 303,630,000 | 295,413,000 |
| Interest-bearing deposits | 242,362,000 | 247,229,000 | 240,153,000 | 238,399,000 |
| Noninterest-bearing deposits | 62,220,000 | 65,984,000 | 63,477,000 | 57,014,000 |
| Equity capital | 29,492,000 | 29,665,000 | 28,454,000 | 32,080,000 |
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 | 3,445,000 | 7,140,000 | 11,018,000 | 15,083,000 |
| Interest expense | 1,024,000 | 2,192,000 | 3,511,000 | 4,883,000 |
| Net interest income | 2,421,000 | 4,948,000 | 7,507,000 | 10,200,000 |
| Noninterest income | 517,000 | 1,071,000 | 1,641,000 | 2,193,000 |
| Noninterest expense | 2,024,000 | 4,172,000 | 6,371,000 | 8,313,000 |
| Provision for loan losses | 24,000 | 105,000 | 165,000 | 339,000 |
| Pretax income | 890,000 | 1,742,000 | 2,589,000 | 3,668,000 |
| Income tax | 181,000 | 358,000 | 531,000 | 760,000 |
| Net income | 709,000 | 1,384,000 | 2,058,000 | 2,908,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 35,516,000 | 36,192,000 | 36,865,000 | 37,715,000 |
| Total capital | 38,229,000 | 38,836,000 | 39,529,000 | 40,340,000 |
| Risk-weighted assets | 233,653,000 | 221,609,000 | 218,126,000 | 234,679,000 |