Call reports 2024
FARMERS & MERCHANTS UNION BANK — 2024
What FARMERS & MERCHANTS UNION 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 | 509,099,000 | 504,083,000 | 521,398,000 | 499,809,000 |
| Total loans | 367,753,000 | 380,537,000 | 378,024,000 | 376,508,000 |
| Allowance for loan losses | 12,849,000 | 10,360,000 | 10,366,000 | 10,064,000 |
| Securities available for sale | 78,806,000 | 75,668,000 | 77,819,000 | 73,621,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 400,764,000 | 392,892,000 | 404,828,000 | 419,834,000 |
| Interest-bearing deposits | 324,534,000 | 315,224,000 | 324,693,000 | 333,267,000 |
| Noninterest-bearing deposits | 76,230,000 | 77,668,000 | 80,135,000 | 86,567,000 |
| Equity capital | 67,101,000 | 69,788,000 | 74,121,000 | 73,069,000 |
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 | 6,378,000 | 13,235,000 | 20,395,000 | 27,319,000 |
| Interest expense | 2,217,000 | 4,770,000 | 7,433,000 | 9,898,000 |
| Net interest income | 4,161,000 | 8,465,000 | 12,962,000 | 17,421,000 |
| Noninterest income | 308,000 | 640,000 | 959,000 | 1,277,000 |
| Noninterest expense | 1,772,000 | 3,519,000 | 5,561,000 | 8,536,000 |
| Provision for loan losses | -500,000 | -3,000,000 | -3,000,000 | -3,000,000 |
| Pretax income | 3,197,000 | 8,896,000 | 11,670,000 | 13,472,000 |
| Income tax | 455,000 | 1,692,000 | 2,394,000 | 2,814,000 |
| Net income | 2,742,000 | 7,204,000 | 9,276,000 | 10,658,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 74,745,000 | 77,606,000 | 79,678,000 | 80,360,000 |
| Total capital | 79,937,000 | 82,966,000 | 85,137,000 | 85,674,000 |
| Risk-weighted assets | 407,128,000 | 423,549,000 | 431,586,000 | 420,129,000 |