Call reports 2008
FARMERS AND MERCHANTS BANK — 2008
What FARMERS AND MERCHANTS BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 40,822,000 | 40,597,000 | 41,549,000 | 41,927,000 |
| Total loans | 36,327,000 | 37,959,000 | 37,613,000 | 36,935,000 |
| Allowance for loan losses | 274,000 | 276,000 | 276,000 | 276,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 28,353,000 | 27,810,000 | 29,288,000 | 28,183,000 |
| Interest-bearing deposits | 26,938,000 | 26,226,000 | 27,611,000 | 26,144,000 |
| Noninterest-bearing deposits | 1,415,000 | 1,584,000 | 1,677,000 | 2,039,000 |
| Equity capital | 3,534,000 | 3,664,000 | 3,754,000 | 3,505,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 747,000 | 1,467,000 | 2,176,000 | 2,854,000 |
| Interest expense | 335,000 | 640,000 | 934,000 | 1,214,000 |
| Net interest income | 412,000 | 827,000 | 1,242,000 | 1,640,000 |
| Noninterest income | 21,000 | 45,000 | 64,000 | 95,000 |
| Noninterest expense | 254,000 | 503,000 | 783,000 | 1,062,000 |
| Provision for loan losses | 3,000 | 5,000 | 5,000 | 5,000 |
| Pretax income | 176,000 | 364,000 | 518,000 | 668,000 |
| Income tax | 64,000 | 122,000 | 186,000 | 235,000 |
| Net income | 112,000 | 242,000 | 332,000 | 433,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,534,000 | 3,664,000 | 3,754,000 | 3,505,000 |
| Total capital | 3,808,000 | 3,940,000 | 4,030,000 | 3,781,000 |
| Risk-weighted assets | 34,565,000 | 35,604,000 | 35,615,000 | 35,882,000 |