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 | 251,812,000 | 255,300,000 | 253,798,000 | 253,474,000 |
| Total loans | 147,726,000 | 152,149,000 | 161,135,000 | 166,645,000 |
| Allowance for loan losses | 1,064,000 | 1,075,000 | 1,085,000 | 1,034,000 |
| Securities available for sale | 66,407,000 | 66,141,000 | 65,712,000 | 63,820,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 233,982,000 | 237,025,000 | 233,052,000 | 233,385,000 |
| Interest-bearing deposits | 198,315,000 | 200,738,000 | 194,021,000 | 194,761,000 |
| Noninterest-bearing deposits | 35,667,000 | 36,287,000 | 39,031,000 | 38,624,000 |
| Equity capital | 16,431,000 | 16,721,000 | 19,025,000 | 18,582,000 |
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 | 2,453,000 | 5,078,000 | 7,871,000 | 10,723,000 |
| Interest expense | 1,015,000 | 2,071,000 | 3,136,000 | 4,176,000 |
| Net interest income | 1,438,000 | 3,007,000 | 4,735,000 | 6,547,000 |
| Noninterest income | 218,000 | 438,000 | 674,000 | 913,000 |
| Noninterest expense | 1,101,000 | 2,238,000 | 3,439,000 | 4,673,000 |
| Provision for loan losses | 9,000 | 20,000 | 40,000 | -13,000 |
| Pretax income | 546,000 | 1,187,000 | 1,930,000 | 2,717,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 546,000 | 1,187,000 | 1,930,000 | 2,717,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,302,000 | 23,451,000 | 23,900,000 | 24,323,000 |