Call reports 2024
FARMERS STATE BANK OF CANTON — 2024
What FARMERS STATE BANK OF CANTON 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 | 64,439,000 | 62,522,000 | 64,216,000 | 72,073,000 |
| Total loans | 39,727,000 | 40,665,000 | 41,265,000 | 41,909,000 |
| Allowance for loan losses | 255,000 | 247,000 | 247,000 | 245,000 |
| Securities available for sale | 10,550,000 | 10,430,000 | 12,595,000 | 19,700,000 |
| Securities held to maturity | 3,940,000 | 3,936,000 | 3,931,000 | 3,927,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 55,669,000 | 55,638,000 | 55,055,000 | 60,891,000 |
| Interest-bearing deposits | 44,737,000 | 45,920,000 | 44,831,000 | 51,068,000 |
| Noninterest-bearing deposits | 10,932,000 | 9,718,000 | 10,224,000 | 9,823,000 |
| Equity capital | 5,526,000 | 5,546,000 | 5,740,000 | 5,714,000 |
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 | 715,000 | 1,371,000 | 2,063,000 | 2,820,000 |
| Interest expense | 198,000 | 480,000 | 763,000 | 1,101,000 |
| Net interest income | 517,000 | 891,000 | 1,300,000 | 1,719,000 |
| Noninterest income | 51,000 | 104,000 | 156,000 | 211,000 |
| Noninterest expense | 479,000 | 918,000 | 1,366,000 | 1,838,000 |
| Provision for loan losses | 0 | -8,000 | -8,000 | -8,000 |
| Pretax income | 89,000 | 85,000 | 98,000 | 100,000 |
| Income tax | 11,000 | 17,000 | 23,000 | 45,000 |
| Net income | 78,000 | 68,000 | 75,000 | 55,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,778,000 | 6,768,000 | 6,756,000 | 6,735,000 |
| Total capital | 7,033,000 | 7,015,000 | 7,003,000 | 6,981,000 |
| Risk-weighted assets | 41,594,000 | 41,800,000 | 41,437,000 | 43,215,000 |