Call reports 2023
FARMERS AND MERCHANTS STATE BANK OF ALPHA — 2023
What FARMERS AND MERCHANTS STATE BANK OF ALPHA reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 41,587,000 | 40,574,000 | 39,423,000 | 44,602,000 |
| Total loans | 24,690,000 | 26,577,000 | 27,030,000 | 27,191,000 |
| Allowance for loan losses | 374,000 | 374,000 | 384,000 | 362,000 |
| Securities available for sale | 2,848,000 | 2,638,000 | 2,635,000 | 2,705,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 36,671,000 | 35,734,000 | 34,492,000 | 39,564,000 |
| Interest-bearing deposits | 28,473,000 | 29,819,000 | 28,885,000 | 31,270,000 |
| Noninterest-bearing deposits | 8,198,000 | 5,915,000 | 5,607,000 | 8,294,000 |
| Equity capital | 4,841,000 | 4,764,000 | 4,830,000 | 4,934,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 439,000 | 905,000 | 1,421,000 | 1,973,000 |
| Interest expense | 89,000 | 226,000 | 401,000 | 619,000 |
| Net interest income | 350,000 | 679,000 | 1,020,000 | 1,354,000 |
| Noninterest income | 15,000 | 37,000 | 57,000 | 84,000 |
| Noninterest expense | 262,000 | 521,000 | 775,000 | 1,065,000 |
| Provision for loan losses | 0 | 0 | 10,000 | -10,000 |
| Pretax income | 103,000 | 184,000 | 287,000 | 370,000 |
| Income tax | 29,000 | 52,000 | 81,000 | 103,000 |
| Net income | 74,000 | 132,000 | 206,000 | 267,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,963,000 | 4,898,000 | 4,972,000 | 5,033,000 |
| Total capital | — | 5,252,000 | — | — |
| Risk-weighted assets | — | 28,366,000 | — | — |