Call reports 2023
FARMERS AND MERCHANTS BANK, THE — 2023
What FARMERS AND MERCHANTS BANK, THE 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 | 123,545,000 | 120,869,000 | 119,989,000 | 121,546,000 |
| Total loans | 76,251,000 | 75,658,000 | 77,232,000 | 78,631,000 |
| Allowance for loan losses | 1,183,000 | 1,350,000 | 1,353,000 | 1,419,000 |
| Securities available for sale | 30,581,000 | 30,072,000 | 29,190,000 | 29,479,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 107,101,000 | 104,692,000 | 103,656,000 | 104,691,000 |
| Interest-bearing deposits | 75,840,000 | 72,333,000 | 71,255,000 | 71,801,000 |
| Noninterest-bearing deposits | 31,261,000 | 32,359,000 | 32,401,000 | 32,890,000 |
| Equity capital | 16,246,000 | 16,024,000 | 16,090,000 | 16,644,000 |
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 | 1,366,000 | 2,817,000 | 4,210,000 | 5,649,000 |
| Interest expense | 54,000 | 162,000 | 311,000 | 512,000 |
| Net interest income | 1,312,000 | 2,655,000 | 3,899,000 | 5,137,000 |
| Noninterest income | 71,000 | 144,000 | 221,000 | 330,000 |
| Noninterest expense | 844,000 | 1,645,000 | 2,549,000 | 3,335,000 |
| Provision for loan losses | 105,000 | 210,000 | 316,000 | 420,000 |
| Pretax income | 434,000 | 944,000 | 1,255,000 | 1,712,000 |
| Income tax | 81,000 | 180,000 | 236,000 | 322,000 |
| Net income | 353,000 | 764,000 | 1,019,000 | 1,390,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,281,000 | 18,417,000 | 18,672,000 | 18,567,000 |
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