Call reports 2021
FARMERS AND MERCHANTS STATE BANK OF ALPHA — 2021
What FARMERS AND MERCHANTS STATE BANK OF ALPHA reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 42,440,000 | 42,483,000 | 41,516,000 | 42,381,000 |
| Total loans | 25,021,000 | 25,896,000 | 25,641,000 | 27,527,000 |
| Allowance for loan losses | 252,000 | 253,000 | 270,000 | 272,000 |
| Securities available for sale | 644,000 | 1,555,000 | 1,552,000 | 1,536,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 37,731,000 | 37,817,000 | 36,819,000 | 37,585,000 |
| Interest-bearing deposits | 31,600,000 | 31,123,000 | 30,129,000 | 28,453,000 |
| Noninterest-bearing deposits | 6,131,000 | 6,694,000 | 6,690,000 | 9,132,000 |
| Equity capital | 4,607,000 | 4,586,000 | 4,638,000 | 4,726,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 454,000 | 819,000 | 1,175,000 | 1,537,000 |
| Interest expense | 72,000 | 132,000 | 185,000 | 229,000 |
| Net interest income | 382,000 | 687,000 | 990,000 | 1,308,000 |
| Noninterest income | 14,000 | 29,000 | 49,000 | 158,000 |
| Noninterest expense | 274,000 | 535,000 | 782,000 | 1,080,000 |
| Provision for loan losses | 95,000 | 95,000 | 95,000 | 95,000 |
| Pretax income | 27,000 | 86,000 | 162,000 | 291,000 |
| Income tax | 7,000 | 23,000 | 45,000 | 76,000 |
| Net income | 20,000 | 63,000 | 117,000 | 215,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,603,000 | 4,586,000 | 4,639,000 | 4,738,000 |
| Total capital | 4,855,000 | 4,839,000 | 4,909,000 | 5,010,000 |
| Risk-weighted assets | 23,855,000 | 24,297,000 | 24,720,000 | 27,086,000 |