Call reports 2020
FARMERS AND MERCHANTS STATE BANK OF ALPHA — 2020
What FARMERS AND MERCHANTS STATE BANK OF ALPHA reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 40,457,000 | 39,788,000 | 38,789,000 | 48,582,000 |
| Total loans | 24,925,000 | 25,033,000 | 25,095,000 | 25,437,000 |
| Allowance for loan losses | 284,000 | 287,000 | 288,000 | 292,000 |
| Securities available for sale | 542,000 | 446,000 | 445,000 | 443,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 35,842,000 | 35,128,000 | 34,126,000 | 43,907,000 |
| Interest-bearing deposits | 30,376,000 | 30,038,000 | 29,534,000 | 28,906,000 |
| Noninterest-bearing deposits | 5,466,000 | 5,090,000 | 4,592,000 | 15,001,000 |
| Equity capital | 4,509,000 | 4,531,000 | 4,571,000 | 4,587,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 414,000 | 834,000 | 1,222,000 | 1,613,000 |
| Interest expense | 109,000 | 208,000 | 300,000 | 383,000 |
| Net interest income | 305,000 | 626,000 | 922,000 | 1,230,000 |
| Noninterest income | 22,000 | 43,000 | 59,000 | 85,000 |
| Noninterest expense | 284,000 | 534,000 | 791,000 | 1,058,000 |
| Provision for loan losses | 0 | 10,000 | 10,000 | 50,000 |
| Pretax income | 43,000 | 125,000 | 180,000 | 207,000 |
| Income tax | 10,000 | 34,000 | 50,000 | 59,000 |
| Net income | 33,000 | 91,000 | 130,000 | 148,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,506,000 | 4,525,000 | 4,565,000 | 4,582,000 |
| Total capital | 4,790,000 | 4,812,000 | 4,853,000 | 4,874,000 |
| Risk-weighted assets | 25,534,000 | 24,593,000 | 26,166,000 | 24,345,000 |