Call reports 2024
FARMERS & MERCHANTS BANK — 2024
What FARMERS & MERCHANTS 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 | 1,314,144,000 | 1,308,061,000 | 1,342,410,000 | 1,300,072,000 |
| Total loans | 827,251,000 | 830,298,000 | 833,048,000 | 842,232,000 |
| Allowance for loan losses | 8,408,000 | 7,815,000 | 8,028,000 | 8,129,000 |
| Securities available for sale | 359,024,000 | 352,211,000 | 376,160,000 | 327,670,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,161,231,000 | 1,191,700,000 | 1,222,393,000 | 1,199,167,000 |
| Interest-bearing deposits | 892,599,000 | 916,658,000 | 949,336,000 | 935,238,000 |
| Noninterest-bearing deposits | 268,632,000 | 275,042,000 | 273,057,000 | 263,929,000 |
| Equity capital | 79,746,000 | 83,533,000 | 91,713,000 | 87,651,000 |
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 | 15,520,000 | 31,240,000 | 47,529,000 | 64,385,000 |
| Interest expense | 7,344,000 | 14,759,000 | 22,449,000 | 30,136,000 |
| Net interest income | 8,176,000 | 16,481,000 | 25,080,000 | 34,249,000 |
| Noninterest income | 2,025,000 | 4,588,000 | 6,922,000 | 9,265,000 |
| Noninterest expense | 8,070,000 | 15,938,000 | 25,304,000 | 33,195,000 |
| Provision for loan losses | 894,000 | 481,000 | 1,350,000 | 2,385,000 |
| Pretax income | 1,307,000 | 4,765,000 | 5,430,000 | 7,975,000 |
| Income tax | 18,000 | 501,000 | 397,000 | 688,000 |
| Net income | 1,289,000 | 4,264,000 | 5,033,000 | 7,287,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 108,848,000 | 110,914,000 | 110,770,000 | 112,114,000 |
| Total capital | 117,256,000 | 119,304,000 | 119,406,000 | 120,892,000 |
| Risk-weighted assets | 909,867,000 | 908,387,000 | 902,287,000 | 902,793,000 |