Call reports 2020
FARMERS AND MERCHANTS BANK — 2020
What FARMERS AND MERCHANTS BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 54,610,000 | 56,519,000 | 56,165,000 | 57,841,000 |
| Total loans | 19,774,000 | 19,896,000 | 20,144,000 | 19,836,000 |
| Allowance for loan losses | 435,000 | 435,000 | 466,000 | 492,000 |
| Securities available for sale | 22,746,000 | 24,706,000 | 24,331,000 | 24,381,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 46,627,000 | 48,341,000 | 47,918,000 | 49,645,000 |
| Interest-bearing deposits | 35,771,000 | 37,120,000 | 36,681,000 | 36,599,000 |
| Noninterest-bearing deposits | 10,856,000 | 11,221,000 | 11,237,000 | 13,046,000 |
| Equity capital | 7,822,000 | 8,031,000 | 8,099,000 | 8,099,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 430,000 | 826,000 | 1,200,000 | 1,569,000 |
| Interest expense | 102,000 | 186,000 | 234,000 | 275,000 |
| Net interest income | 328,000 | 640,000 | 966,000 | 1,294,000 |
| Noninterest income | 48,000 | 84,000 | 129,000 | 173,000 |
| Noninterest expense | 228,000 | 462,000 | 706,000 | 958,000 |
| Provision for loan losses | 0 | 15,000 | 45,000 | 70,000 |
| Pretax income | 148,000 | 247,000 | 344,000 | 439,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 148,000 | 247,000 | 344,000 | 439,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,641,000 | 7,700,000 | 7,757,000 | 7,792,000 |