Call reports 2023
FARMERS & MERCHANTS STATE BANK — 2023
What FARMERS & MERCHANTS STATE 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 | 244,012,000 | 237,592,000 | 234,578,000 | 230,863,000 |
| Total loans | 197,654,000 | 197,307,000 | 194,810,000 | 194,094,000 |
| Allowance for loan losses | 2,391,000 | 2,391,000 | 2,388,000 | 2,377,000 |
| Securities available for sale | 36,516,000 | 30,901,000 | 23,072,000 | 20,146,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 173,619,000 | 166,662,000 | 169,023,000 | 166,339,000 |
| Interest-bearing deposits | 136,238,000 | 127,890,000 | 129,665,000 | 124,131,000 |
| Noninterest-bearing deposits | 37,381,000 | 38,772,000 | 39,358,000 | 42,208,000 |
| Equity capital | 21,886,000 | 22,308,000 | 22,627,000 | 23,384,000 |
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 | 2,290,000 | 4,747,000 | 7,241,000 | 9,761,000 |
| Interest expense | 765,000 | 1,766,000 | 2,777,000 | 3,780,000 |
| Net interest income | 1,525,000 | 2,981,000 | 4,464,000 | 5,981,000 |
| Noninterest income | 275,000 | 576,000 | 890,000 | 1,724,000 |
| Noninterest expense | 1,265,000 | 2,468,000 | 3,694,000 | 4,914,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 535,000 | 1,089,000 | 1,660,000 | 2,791,000 |
| Income tax | 142,000 | 288,000 | 333,000 | 566,000 |
| Net income | 393,000 | 801,000 | 1,327,000 | 2,225,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,401,000 | 23,809,000 | 24,336,000 | 24,558,000 |