Call reports 2024
FARMERS AND MERCHANTS BANK OF ST. CLAIR — 2024
What FARMERS AND MERCHANTS BANK OF ST. CLAIR 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 | 342,240,000 | 338,306,000 | 341,171,000 | 342,083,000 |
| Total loans | 218,936,000 | 220,357,000 | 227,916,000 | 222,346,000 |
| Allowance for loan losses | 2,628,000 | 2,705,000 | 2,780,000 | 2,826,000 |
| Securities available for sale | 73,547,000 | 72,333,000 | 73,564,000 | 72,620,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 302,232,000 | 297,444,000 | 298,212,000 | 296,015,000 |
| Interest-bearing deposits | 243,856,000 | 236,612,000 | 236,362,000 | 239,482,000 |
| Noninterest-bearing deposits | 58,376,000 | 60,832,000 | 61,850,000 | 56,533,000 |
| Equity capital | 32,230,000 | 33,108,000 | 35,058,000 | 34,328,000 |
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 | 4,090,000 | 8,359,000 | 12,710,000 | 17,055,000 |
| Interest expense | 1,500,000 | 3,064,000 | 4,657,000 | 6,217,000 |
| Net interest income | 2,590,000 | 5,295,000 | 8,053,000 | 10,838,000 |
| Noninterest income | 533,000 | 1,129,000 | 1,745,000 | 2,395,000 |
| Noninterest expense | 2,147,000 | 4,390,000 | 6,662,000 | 8,946,000 |
| Provision for loan losses | 83,000 | 167,000 | 245,000 | 319,000 |
| Pretax income | 893,000 | 1,856,000 | 2,874,000 | 3,948,000 |
| Income tax | 186,000 | 386,000 | 601,000 | 826,000 |
| Net income | 707,000 | 1,470,000 | 2,273,000 | 3,122,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 38,422,000 | 38,987,000 | 39,591,000 | 40,438,000 |
| Total capital | 41,122,000 | 41,775,000 | 42,460,000 | 43,356,000 |
| Risk-weighted assets | 232,099,000 | 233,667,000 | 237,668,000 | 235,809,000 |