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 | 71,441,000 | 71,716,000 | 71,762,000 | 72,721,000 |
| Total loans | 23,771,000 | 24,282,000 | 23,874,000 | 24,074,000 |
| Allowance for loan losses | 460,000 | 488,000 | 488,000 | 483,000 |
| Securities available for sale | 26,271,000 | 27,345,000 | 28,654,000 | 30,037,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 63,060,000 | 63,083,000 | 62,317,000 | 63,777,000 |
| Interest-bearing deposits | 47,163,000 | 48,294,000 | 48,155,000 | 49,827,000 |
| Noninterest-bearing deposits | 15,897,000 | 14,789,000 | 14,162,000 | 13,950,000 |
| Equity capital | 8,018,000 | 8,304,000 | 9,040,000 | 8,610,000 |
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 | 832,000 | 1,719,000 | 2,653,000 | 3,558,000 |
| Interest expense | 288,000 | 597,000 | 886,000 | 1,208,000 |
| Net interest income | 544,000 | 1,122,000 | 1,767,000 | 2,350,000 |
| Noninterest income | 44,000 | 89,000 | 136,000 | 183,000 |
| Noninterest expense | 281,000 | 571,000 | 884,000 | 1,301,000 |
| Provision for loan losses | 8,000 | 20,000 | 32,000 | 40,000 |
| Pretax income | 299,000 | 614,000 | 981,000 | 1,187,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 299,000 | 614,000 | 981,000 | 1,187,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,173,000 | 9,348,000 | 9,535,000 | 9,591,000 |