Call reports 2020
FARMERS & MERCHANTS STATE BANK — 2020
What FARMERS & MERCHANTS STATE 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 | 185,106,000 | 202,687,000 | 204,891,000 | 197,577,000 |
| Total loans | 147,559,000 | 167,385,000 | 172,620,000 | 164,752,000 |
| Allowance for loan losses | 2,059,000 | 2,132,000 | 2,206,000 | 2,281,000 |
| Securities available for sale | 14,844,000 | 14,253,000 | 14,850,000 | 14,971,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 136,719,000 | 148,934,000 | 152,378,000 | 154,425,000 |
| Interest-bearing deposits | 109,027,000 | 113,366,000 | 115,553,000 | 115,863,000 |
| Noninterest-bearing deposits | 27,692,000 | 35,568,000 | 36,825,000 | 38,562,000 |
| Equity capital | 20,616,000 | 21,402,000 | 22,400,000 | 21,542,000 |
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 | 1,877,000 | 3,846,000 | 5,853,000 | 7,839,000 |
| Interest expense | 421,000 | 803,000 | 1,152,000 | 1,453,000 |
| Net interest income | 1,456,000 | 3,043,000 | 4,701,000 | 6,386,000 |
| Noninterest income | 384,000 | 1,025,000 | 2,065,000 | 2,949,000 |
| Noninterest expense | 1,180,000 | 2,351,000 | 3,626,000 | 4,801,000 |
| Provision for loan losses | 25,000 | 100,000 | 175,000 | 250,000 |
| Pretax income | 635,000 | 1,617,000 | 2,965,000 | 4,284,000 |
| Income tax | 170,000 | 438,000 | 805,000 | 1,165,000 |
| Net income | 465,000 | 1,179,000 | 2,160,000 | 3,119,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 20,438,000 | 21,151,000 | 22,133,000 | 21,292,000 |