Call reports 2018
FARMERS AND MERCHANTS STATE BANK OF ALPHA — 2018
What FARMERS AND MERCHANTS STATE BANK OF ALPHA reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 70,715,000 | 52,433,000 | 39,555,000 | 48,207,000 |
| Total loans | 26,734,000 | 26,586,000 | 27,339,000 | 28,392,000 |
| Allowance for loan losses | 335,000 | 309,000 | 309,000 | 306,000 |
| Securities available for sale | 1,609,000 | 1,351,000 | 1,344,000 | 1,348,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 66,074,000 | 47,886,000 | 34,612,000 | 43,490,000 |
| Interest-bearing deposits | 28,917,000 | 27,868,000 | 28,929,000 | 31,165,000 |
| Noninterest-bearing deposits | 37,157,000 | 20,018,000 | 5,683,000 | 12,325,000 |
| Equity capital | 4,416,000 | 4,349,000 | 4,469,000 | 4,456,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 533,000 | 1,044,000 | 1,495,000 | 1,929,000 |
| Interest expense | 71,000 | 152,000 | 239,000 | 345,000 |
| Net interest income | 462,000 | 892,000 | 1,256,000 | 1,584,000 |
| Noninterest income | 22,000 | 40,000 | 63,000 | 74,000 |
| Noninterest expense | 272,000 | 523,000 | 755,000 | 1,055,000 |
| Provision for loan losses | 0 | 190,000 | 190,000 | 225,000 |
| Pretax income | 212,000 | 219,000 | 374,000 | 378,000 |
| Income tax | 59,000 | 60,000 | 91,000 | 112,000 |
| Net income | 153,000 | 159,000 | 283,000 | 266,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,424,000 | 4,355,000 | 4,479,000 | 4,462,000 |
| Total capital | 4,759,000 | 4,664,000 | 4,788,000 | 4,768,000 |
| Risk-weighted assets | 27,026,000 | 26,518,000 | 27,138,000 | 28,162,000 |