Call reports 2024
FARMERS AND MERCHANTS BANK — 2024
What FARMERS AND 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 | 24,352,000 | 23,780,000 | 23,674,000 | 22,545,000 |
| Total loans | 14,729,000 | 14,344,000 | 14,018,000 | 13,401,000 |
| Allowance for loan losses | 67,000 | 86,000 | 410,000 | 410,000 |
| Securities available for sale | 3,650,000 | 3,673,000 | 3,715,000 | 3,732,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 22,378,000 | 21,831,000 | 21,878,000 | 20,607,000 |
| Interest-bearing deposits | 12,912,000 | 12,772,000 | 12,864,000 | 11,788,000 |
| Noninterest-bearing deposits | 9,466,000 | 9,059,000 | 9,014,000 | 8,819,000 |
| Equity capital | 1,963,000 | 1,937,000 | 1,781,000 | 1,922,000 |
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 | 425,000 | 859,000 | 1,296,000 | 1,710,000 |
| Interest expense | 15,000 | 33,000 | 55,000 | 81,000 |
| Net interest income | 410,000 | 826,000 | 1,241,000 | 1,629,000 |
| Noninterest income | 26,000 | 48,000 | 69,000 | 95,000 |
| Noninterest expense | 239,000 | 523,000 | 735,000 | 1,000,000 |
| Provision for loan losses | 0 | 36,000 | 358,000 | 358,000 |
| Pretax income | 197,000 | 315,000 | 217,000 | 366,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 197,000 | 315,000 | 217,000 | 366,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,964,000 | 1,942,000 | 1,772,000 | 1,921,000 |
| Total capital | 2,031,000 | 2,028,000 | 1,968,000 | 2,105,000 |
| Risk-weighted assets | 16,461,000 | 15,877,000 | 15,505,000 | 14,531,000 |