Call reports 2003
FARMERS AND MERCHANTS BANK, THE — 2003
What FARMERS AND MERCHANTS BANK, THE reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 63,537,000 | 62,793,000 | 63,844,000 | 62,148,000 |
| Total loans | 34,429,000 | 33,961,000 | 33,468,000 | 33,974,000 |
| Allowance for loan losses | 490,000 | 461,000 | 459,000 | 428,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 12,068,000 | 13,500,000 | 11,773,000 | 11,452,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 55,418,000 | 54,897,000 | 55,734,000 | 54,455,000 |
| Interest-bearing deposits | 47,175,000 | 45,979,000 | 46,964,000 | 46,163,000 |
| Noninterest-bearing deposits | 8,243,000 | 8,918,000 | 8,770,000 | 8,292,000 |
| Equity capital | 7,837,000 | 7,710,000 | 7,893,000 | 7,541,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 903,000 | 1,768,000 | 2,628,000 | 3,428,000 |
| Interest expense | 210,000 | 408,000 | 589,000 | 743,000 |
| Net interest income | 693,000 | 1,360,000 | 2,039,000 | 2,685,000 |
| Noninterest income | 46,000 | 81,000 | 122,000 | 161,000 |
| Noninterest expense | 469,000 | 923,000 | 1,381,000 | 1,854,000 |
| Provision for loan losses | 15,000 | 30,000 | 45,000 | 60,000 |
| Pretax income | 255,000 | 488,000 | 735,000 | 932,000 |
| Income tax | 71,000 | 132,000 | 196,000 | 245,000 |
| Net income | 184,000 | 356,000 | 539,000 | 687,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,837,000 | 7,710,000 | 7,893,000 | 7,541,000 |
| Total capital | 8,245,000 | 8,112,000 | 8,294,000 | 7,943,000 |
| Risk-weighted assets | 32,503,000 | 32,106,000 | 31,986,000 | 32,132,000 |