Call reports 2024
FARMERS AND MERCHANTS BANK, THE — 2024
What FARMERS AND MERCHANTS BANK, THE 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 | 123,791,000 | 127,458,000 | 132,842,000 | 134,643,000 |
| Total loans | 79,005,000 | 80,843,000 | 80,452,000 | 79,286,000 |
| Allowance for loan losses | 1,511,000 | 1,582,000 | 1,578,000 | 1,581,000 |
| Securities available for sale | 29,419,000 | 29,502,000 | 32,045,000 | 32,037,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 106,586,000 | 110,152,000 | 114,597,000 | 116,861,000 |
| Interest-bearing deposits | 74,518,000 | 77,584,000 | 79,775,000 | 80,980,000 |
| Noninterest-bearing deposits | 32,068,000 | 32,568,000 | 34,822,000 | 35,881,000 |
| Equity capital | 16,889,000 | 17,039,000 | 17,947,000 | 17,521,000 |
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 | 1,493,000 | 3,043,000 | 4,647,000 | 6,351,000 |
| Interest expense | 249,000 | 568,000 | 948,000 | 1,337,000 |
| Net interest income | 1,244,000 | 2,475,000 | 3,699,000 | 5,014,000 |
| Noninterest income | 68,000 | 145,000 | 235,000 | 335,000 |
| Noninterest expense | 885,000 | 1,683,000 | 2,622,000 | 3,497,000 |
| Provision for loan losses | 114,000 | 228,000 | 342,000 | 379,000 |
| Pretax income | 313,000 | 709,000 | 970,000 | 1,473,000 |
| Income tax | 55,000 | 130,000 | 176,000 | 271,000 |
| Net income | 258,000 | 579,000 | 794,000 | 1,202,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,825,000 | 18,871,000 | 19,086,000 | 19,019,000 |