Call reports 2024
FARMERS & MERCHANTS STATE BANK — 2024
What FARMERS & MERCHANTS STATE 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 | 234,669,000 | 234,399,000 | 240,454,000 | 240,281,000 |
| Total loans | 199,546,000 | 198,408,000 | 197,207,000 | 200,228,000 |
| Allowance for loan losses | 2,377,000 | 2,338,000 | 2,334,000 | 2,334,000 |
| Securities available for sale | 16,155,000 | 13,678,000 | 15,886,000 | 18,078,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 170,821,000 | 171,080,000 | 176,194,000 | 176,448,000 |
| Interest-bearing deposits | 132,585,000 | 134,849,000 | 140,489,000 | 140,598,000 |
| Noninterest-bearing deposits | 38,236,000 | 36,231,000 | 35,705,000 | 35,850,000 |
| Equity capital | 23,694,000 | 24,082,000 | 24,750,000 | 24,328,000 |
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 | 2,598,000 | 5,317,000 | 8,133,000 | 11,084,000 |
| Interest expense | 1,115,000 | 2,291,000 | 3,549,000 | 4,847,000 |
| Net interest income | 1,483,000 | 3,026,000 | 4,584,000 | 6,237,000 |
| Noninterest income | 352,000 | 658,000 | 1,068,000 | 1,340,000 |
| Noninterest expense | 1,404,000 | 2,829,000 | 4,346,000 | 5,689,000 |
| Provision for loan losses | 0 | -39,000 | -39,000 | -40,000 |
| Pretax income | 431,000 | 855,000 | 1,306,000 | 1,889,000 |
| Income tax | 87,000 | 173,000 | 266,000 | 387,000 |
| Net income | 344,000 | 682,000 | 1,040,000 | 1,502,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 24,901,000 | 25,240,000 | 25,597,000 | 25,477,000 |