Call reports 2024
FARMERS AND MINERS BANK — 2024
What FARMERS AND MINERS 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 | 176,720,000 | 175,344,000 | 176,750,000 | 176,421,000 |
| Total loans | 87,514,000 | 87,099,000 | 89,328,000 | 91,082,000 |
| Allowance for loan losses | 1,483,000 | 1,492,000 | 1,512,000 | 1,507,000 |
| Securities available for sale | 25,351,000 | 18,430,000 | 18,765,000 | 17,665,000 |
| Securities held to maturity | 10,306,000 | 10,251,000 | 10,490,000 | 10,402,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 154,102,000 | 152,238,000 | 152,720,000 | 152,519,000 |
| Interest-bearing deposits | 93,581,000 | 94,599,000 | 95,978,000 | 96,179,000 |
| Noninterest-bearing deposits | 60,521,000 | 57,639,000 | 56,742,000 | 56,340,000 |
| Equity capital | 21,490,000 | 22,015,000 | 22,875,000 | 22,730,000 |
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 | 2,426,000 | 4,906,000 | 7,534,000 | 10,099,000 |
| Interest expense | 389,000 | 817,000 | 1,273,000 | 1,730,000 |
| Net interest income | 2,037,000 | 4,089,000 | 6,261,000 | 8,369,000 |
| Noninterest income | 245,000 | 494,000 | 746,000 | 1,016,000 |
| Noninterest expense | 1,734,000 | 3,321,000 | 4,833,000 | 6,633,000 |
| Provision for loan losses | 30,000 | 60,000 | 90,000 | 120,000 |
| Pretax income | 520,000 | 1,212,000 | 2,100,000 | 2,654,000 |
| Income tax | 134,000 | 261,000 | 404,000 | 523,000 |
| Net income | 386,000 | 951,000 | 1,696,000 | 2,131,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,298,000 | 22,712,000 | 23,307,000 | 23,192,000 |