Call reports 2023
FARMERS & MERCHANTS UNION BANK — 2023
What FARMERS & MERCHANTS UNION 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 | 428,600,000 | 451,665,000 | 481,951,000 | 483,458,000 |
| Total loans | 314,256,000 | 344,349,000 | 354,083,000 | 360,972,000 |
| Allowance for loan losses | 14,897,000 | 14,902,000 | 13,153,000 | 13,305,000 |
| Securities available for sale | 84,592,000 | 81,509,000 | 76,219,000 | 80,739,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 356,035,000 | 354,041,000 | 377,319,000 | 398,074,000 |
| Interest-bearing deposits | 272,261,000 | 270,480,000 | 292,198,000 | 309,736,000 |
| Noninterest-bearing deposits | 83,774,000 | 83,561,000 | 85,121,000 | 88,338,000 |
| Equity capital | 56,785,000 | 57,797,000 | 59,300,000 | 65,000,000 |
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 | 4,682,000 | 9,761,000 | 15,484,000 | 21,765,000 |
| Interest expense | 706,000 | 1,852,000 | 3,621,000 | 5,748,000 |
| Net interest income | 3,976,000 | 7,909,000 | 11,863,000 | 16,017,000 |
| Noninterest income | 286,000 | 558,000 | 876,000 | 1,239,000 |
| Noninterest expense | 1,846,000 | 3,499,000 | 5,253,000 | 7,260,000 |
| Provision for loan losses | 0 | 0 | -1,750,000 | -1,750,000 |
| Pretax income | 2,416,000 | 4,968,000 | 9,287,000 | 11,746,000 |
| Income tax | 501,000 | 1,073,000 | 1,249,000 | 1,520,000 |
| Net income | 1,915,000 | 3,895,000 | 8,038,000 | 10,226,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 64,567,000 | 66,148,000 | 70,290,000 | 72,003,000 |
| Total capital | 69,094,000 | 70,978,000 | 75,236,000 | 77,162,000 |
| Risk-weighted assets | 351,225,000 | 375,787,000 | 386,931,000 | 404,018,000 |