Call reports 2024
FARMERS AND MERCHANTS BANK — 2024
What FARMERS AND MERCHANTS 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 | 162,332,000 | 164,752,000 | 181,477,000 | 182,094,000 |
| Total loans | 130,573,000 | 134,153,000 | 145,561,000 | 149,031,000 |
| Allowance for loan losses | 1,266,000 | 1,342,000 | 1,417,000 | 1,483,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 117,761,000 | 122,766,000 | 138,640,000 | 138,984,000 |
| Interest-bearing deposits | 106,334,000 | 110,488,000 | 125,964,000 | 124,137,000 |
| Noninterest-bearing deposits | 11,427,000 | 12,278,000 | 12,676,000 | 14,847,000 |
| Equity capital | 20,896,000 | 20,230,000 | 20,983,000 | 21,670,000 |
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 | 2,478,000 | 5,039,000 | 7,880,000 | 10,775,000 |
| Interest expense | 915,000 | 1,953,000 | 3,204,000 | 4,522,000 |
| Net interest income | 1,563,000 | 3,086,000 | 4,676,000 | 6,253,000 |
| Noninterest income | 19,000 | 52,000 | 49,000 | 68,000 |
| Noninterest expense | 632,000 | 1,325,000 | 2,043,000 | 2,831,000 |
| Provision for loan losses | 75,000 | 150,000 | 225,000 | 300,000 |
| Pretax income | 874,000 | 1,654,000 | 2,452,000 | 3,189,000 |
| Income tax | 3,000 | 4,000 | 7,000 | 14,000 |
| Net income | 871,000 | 1,650,000 | 2,445,000 | 3,175,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 20,354,000 | 19,732,000 | 20,534,000 | 21,265,000 |
| Total capital | 21,621,000 | 21,074,000 | 21,951,000 | 22,748,000 |
| Risk-weighted assets | 122,258,000 | 125,407,000 | 136,740,000 | 141,069,000 |