Call reports 2024
FARMERS AND MERCHANTS STATE BANK OF ALPHA — 2024
What FARMERS AND MERCHANTS STATE BANK OF ALPHA 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 | 44,492,000 | 46,557,000 | 45,159,000 | 42,725,000 |
| Total loans | 27,875,000 | 28,557,000 | 28,921,000 | 29,542,000 |
| Allowance for loan losses | 353,000 | 396,000 | 403,000 | 350,000 |
| Securities available for sale | 3,303,000 | 3,842,000 | 3,973,000 | 3,950,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 39,349,000 | 37,566,000 | 39,943,000 | 37,642,000 |
| Interest-bearing deposits | 32,802,000 | 31,747,000 | 33,458,000 | 29,262,000 |
| Noninterest-bearing deposits | 6,547,000 | 5,819,000 | 6,485,000 | 8,380,000 |
| Equity capital | 4,907,000 | 4,944,000 | 5,093,000 | 4,956,000 |
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 | 596,000 | 1,180,000 | 1,795,000 | 2,406,000 |
| Interest expense | 235,000 | 483,000 | 765,000 | 1,016,000 |
| Net interest income | 361,000 | 697,000 | 1,030,000 | 1,390,000 |
| Noninterest income | 17,000 | 40,000 | 59,000 | 81,000 |
| Noninterest expense | 266,000 | 551,000 | 814,000 | 1,148,000 |
| Provision for loan losses | 0 | 0 | 0 | 220,000 |
| Pretax income | 110,000 | 186,000 | 275,000 | 103,000 |
| Income tax | 31,000 | 53,000 | 78,000 | 18,000 |
| Net income | 79,000 | 133,000 | 197,000 | 85,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,007,000 | 5,062,000 | 5,125,000 | 5,013,000 |