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 | 245,003,000 | 232,253,000 | 235,222,000 | 247,894,000 |
| Total loans | 131,699,000 | 140,599,000 | 140,496,000 | 144,439,000 |
| Allowance for loan losses | 925,000 | 933,000 | 942,000 | 1,076,000 |
| Securities available for sale | 72,334,000 | 71,195,000 | 68,884,000 | 70,055,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 229,914,000 | 217,362,000 | 220,152,000 | 230,679,000 |
| Interest-bearing deposits | 192,343,000 | 178,873,000 | 180,548,000 | 193,754,000 |
| Noninterest-bearing deposits | 37,571,000 | 38,489,000 | 39,604,000 | 36,925,000 |
| Equity capital | 13,749,000 | 13,377,000 | 13,457,000 | 15,903,000 |
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 | 1,957,000 | 4,134,000 | 6,281,000 | 8,578,000 |
| Interest expense | 412,000 | 997,000 | 1,845,000 | 2,781,000 |
| Net interest income | 1,545,000 | 3,137,000 | 4,436,000 | 5,797,000 |
| Noninterest income | 220,000 | 439,000 | 696,000 | 912,000 |
| Noninterest expense | 1,367,000 | 2,522,000 | 3,629,000 | 4,734,000 |
| Provision for loan losses | 9,000 | 18,000 | 27,000 | 36,000 |
| Pretax income | 389,000 | 1,036,000 | 1,476,000 | 1,939,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 389,000 | 1,036,000 | 1,476,000 | 1,939,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,252,000 | 22,439,000 | 22,648,000 | 22,754,000 |
| Total capital | 23,177,000 | 23,372,000 | 23,590,000 | — |
| Risk-weighted assets | 159,158,000 | 175,523,000 | 183,523,000 | — |