Call reports 2024
FARMERS AND MERCHANTS STATE BANK OF PIERZ — 2024
What FARMERS AND MERCHANTS STATE BANK OF PIERZ 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 | 308,489,000 | 313,619,000 | 337,277,000 | 329,909,000 |
| Total loans | 209,482,000 | 215,062,000 | 215,256,000 | 219,746,000 |
| Allowance for loan losses | 2,684,000 | 2,787,000 | 2,889,000 | 2,891,000 |
| Securities available for sale | 74,530,000 | 72,252,000 | 73,994,000 | 71,670,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 282,404,000 | 291,216,000 | 312,659,000 | 306,306,000 |
| Interest-bearing deposits | 198,876,000 | 208,493,000 | 222,543,000 | 215,819,000 |
| Noninterest-bearing deposits | 83,528,000 | 82,723,000 | 90,116,000 | 90,487,000 |
| Equity capital | 19,602,000 | 19,054,000 | 21,438,000 | 20,142,000 |
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 | 3,899,000 | 8,105,000 | 12,596,000 | 17,266,000 |
| Interest expense | 969,000 | 2,145,000 | 3,501,000 | 4,847,000 |
| Net interest income | 2,930,000 | 5,960,000 | 9,095,000 | 12,419,000 |
| Noninterest income | 252,000 | 532,000 | 841,000 | 1,124,000 |
| Noninterest expense | 2,120,000 | 4,141,000 | 6,192,000 | 8,246,000 |
| Provision for loan losses | 96,000 | 192,000 | 288,000 | 288,000 |
| Pretax income | 966,000 | 2,159,000 | 3,456,000 | 5,009,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 966,000 | 2,159,000 | 3,456,000 | 5,009,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 31,699,000 | 32,318,000 | 32,047,000 | 32,960,000 |