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 | 65,154,000 | 64,519,000 | 65,809,000 | 66,464,000 |
| Total loans | 21,054,000 | 22,277,000 | 22,299,000 | 22,740,000 |
| Allowance for loan losses | 398,000 | 421,000 | 432,000 | 436,000 |
| Securities available for sale | 24,315,000 | 24,343,000 | 24,377,000 | 25,612,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 57,733,000 | 57,020,000 | 58,203,000 | 58,344,000 |
| Interest-bearing deposits | 41,710,000 | 42,034,000 | 42,028,000 | 43,334,000 |
| Noninterest-bearing deposits | 16,023,000 | 14,986,000 | 16,175,000 | 15,010,000 |
| Equity capital | 7,271,000 | 7,310,000 | 7,371,000 | 7,862,000 |
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 | 616,000 | 1,300,000 | 2,032,000 | 2,824,000 |
| Interest expense | 129,000 | 302,000 | 492,000 | 752,000 |
| Net interest income | 487,000 | 998,000 | 1,540,000 | 2,072,000 |
| Noninterest income | 47,000 | 96,000 | 144,000 | 192,000 |
| Noninterest expense | 261,000 | 559,000 | 847,000 | 1,170,000 |
| Provision for loan losses | 40,000 | 60,000 | 75,000 | 95,000 |
| Pretax income | 233,000 | 468,000 | 755,000 | 992,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 233,000 | 468,000 | 755,000 | 992,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,616,000 | 8,730,000 | 8,897,000 | 8,974,000 |