Call reports 2023
FARMERS AND MERCHANTS STATE BANK OF PIERZ — 2023
What FARMERS AND MERCHANTS STATE BANK OF PIERZ 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 | 306,831,000 | 304,206,000 | 300,858,000 | 307,969,000 |
| Total loans | 202,694,000 | 206,192,000 | 202,074,000 | 208,455,000 |
| Allowance for loan losses | 2,301,000 | 2,413,000 | 2,535,000 | 2,584,000 |
| Securities available for sale | 76,306,000 | 74,585,000 | 70,073,000 | 75,794,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 289,202,000 | 284,056,000 | 286,591,000 | 287,170,000 |
| Interest-bearing deposits | 198,216,000 | 196,847,000 | 194,497,000 | 193,812,000 |
| Noninterest-bearing deposits | 90,986,000 | 87,209,000 | 92,094,000 | 93,358,000 |
| Equity capital | 16,718,000 | 16,218,000 | 13,181,000 | 19,787,000 |
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 | 3,271,000 | 6,722,000 | 10,402,000 | 14,242,000 |
| Interest expense | 462,000 | 1,086,000 | 1,836,000 | 2,663,000 |
| Net interest income | 2,809,000 | 5,636,000 | 8,566,000 | 11,579,000 |
| Noninterest income | 257,000 | 521,000 | 830,000 | 1,107,000 |
| Noninterest expense | 1,857,000 | 3,758,000 | 5,709,000 | 7,970,000 |
| Provision for loan losses | 92,000 | 203,000 | 314,000 | 424,000 |
| Pretax income | 858,000 | 1,936,000 | 3,112,000 | 4,031,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 858,000 | 1,936,000 | 3,112,000 | 4,031,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 28,904,000 | 29,577,000 | 30,372,000 | 30,733,000 |