Call reports 2023
FARMERS & MERCHANTS BANK — 2023
What FARMERS & MERCHANTS 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 | 1,252,462,000 | 1,276,978,000 | 1,280,442,000 | 1,292,744,000 |
| Total loans | 758,161,000 | 777,141,000 | 807,630,000 | 823,211,000 |
| Allowance for loan losses | 8,546,000 | 8,769,000 | 9,166,000 | 8,321,000 |
| Securities available for sale | 388,248,000 | 384,651,000 | 372,340,000 | 368,674,000 |
| Securities held to maturity | 125,000 | 125,000 | 125,000 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,113,300,000 | 1,144,409,000 | 1,139,131,000 | 1,137,700,000 |
| Interest-bearing deposits | 636,420,000 | 859,534,000 | 856,691,000 | 868,981,000 |
| Noninterest-bearing deposits | 476,880,000 | 284,875,000 | 282,440,000 | 268,719,000 |
| Equity capital | 72,221,000 | 72,599,000 | 68,216,000 | 80,372,000 |
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 | 12,974,000 | 26,596,000 | 41,169,000 | 56,325,000 |
| Interest expense | 5,034,000 | 10,773,000 | 17,285,000 | 24,257,000 |
| Net interest income | 7,940,000 | 15,823,000 | 23,884,000 | 32,068,000 |
| Noninterest income | 1,638,000 | 4,498,000 | 6,575,000 | 8,756,000 |
| Noninterest expense | 8,297,000 | 18,587,000 | 27,093,000 | 37,256,000 |
| Provision for loan losses | 0 | 567,000 | 1,157,000 | 1,082,000 |
| Pretax income | 1,281,000 | 1,194,000 | 2,207,000 | 2,543,000 |
| Income tax | 7,000 | -386,000 | -414,000 | -602,000 |
| Net income | 1,274,000 | 1,580,000 | 2,621,000 | 3,145,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 106,591,000 | 106,899,000 | 107,942,000 | 108,466,000 |
| Total capital | 115,137,000 | 115,668,000 | 117,108,000 | 116,787,000 |
| Risk-weighted assets | 873,331,000 | 901,278,000 | 924,433,000 | 928,647,000 |