Call reports 2023
FARMERS AND MERCHANTS BANK — 2023
What FARMERS AND MERCHANTS BANK 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 | 151,005,000 | 152,491,000 | 149,545,000 | 159,732,000 |
| Total loans | 116,733,000 | 116,154,000 | 127,002,000 | 130,841,000 |
| Allowance for loan losses | 1,191,000 | 1,191,000 | 1,191,000 | 1,191,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 118,481,000 | 109,723,000 | 105,764,000 | 115,906,000 |
| Interest-bearing deposits | 99,300,000 | 96,354,000 | 93,992,000 | 101,901,000 |
| Noninterest-bearing deposits | 19,181,000 | 13,369,000 | 11,772,000 | 14,005,000 |
| Equity capital | 19,296,000 | 19,292,000 | 20,153,000 | 20,374,000 |
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 | 1,924,000 | 4,071,000 | 6,397,000 | 8,832,000 |
| Interest expense | 588,000 | 1,219,000 | 1,991,000 | 2,850,000 |
| Net interest income | 1,336,000 | 2,852,000 | 4,406,000 | 5,982,000 |
| Noninterest income | 40,000 | 68,000 | 45,000 | 86,000 |
| Noninterest expense | 629,000 | 1,342,000 | 2,014,000 | 2,620,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 752,000 | 1,589,000 | 2,454,000 | 3,479,000 |
| Income tax | 2,000 | 4,000 | 8,000 | 12,000 |
| Net income | 750,000 | 1,585,000 | 2,446,000 | 3,467,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,550,000 | 18,600,000 | 19,511,000 | 19,782,000 |
| Total capital | 19,742,000 | 19,792,000 | 20,703,000 | 20,974,000 |
| Risk-weighted assets | 110,889,000 | 110,257,000 | 120,146,000 | 124,834,000 |