Call reports 2024
FARMERS & MERCHANTS BANK OF COLBY — 2024
What FARMERS & MERCHANTS BANK OF COLBY 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 | 510,142,000 | 518,763,000 | 541,840,000 | 569,825,000 |
| Total loans | 363,039,000 | 373,432,000 | 391,413,000 | 394,366,000 |
| Allowance for loan losses | 3,234,000 | 3,639,000 | 3,585,000 | 3,716,000 |
| Securities available for sale | 87,685,000 | 86,489,000 | 86,888,000 | 83,849,000 |
| Securities held to maturity | 9,368,000 | 9,877,000 | 9,888,000 | 9,730,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 382,380,000 | 391,532,000 | 405,641,000 | 437,927,000 |
| Interest-bearing deposits | 350,127,000 | 359,554,000 | 371,301,000 | 403,721,000 |
| Noninterest-bearing deposits | 32,253,000 | 31,978,000 | 34,340,000 | 34,206,000 |
| Equity capital | 57,796,000 | 59,378,000 | 62,561,000 | 59,921,000 |
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 | 7,323,000 | 14,991,000 | 23,007,000 | 31,138,000 |
| Interest expense | 3,427,000 | 7,300,000 | 11,215,000 | 15,279,000 |
| Net interest income | 3,896,000 | 7,691,000 | 11,792,000 | 15,859,000 |
| Noninterest income | 230,000 | 484,000 | 725,000 | 1,065,000 |
| Noninterest expense | 2,016,000 | 3,945,000 | 6,118,000 | 8,809,000 |
| Provision for loan losses | 0 | 400,000 | 400,000 | 900,000 |
| Pretax income | 2,110,000 | 3,830,000 | 5,999,000 | 7,270,000 |
| Income tax | 350,000 | 670,000 | 1,078,000 | 1,243,000 |
| Net income | 1,760,000 | 3,160,000 | 4,921,000 | 6,027,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 55,048,000 | 56,837,000 | 58,685,000 | 57,999,000 |