Call reports 2021
FARMERS AND MERCHANTS BANK — 2021
What FARMERS AND MERCHANTS BANK 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 | 138,872,000 | 142,417,000 | 147,146,000 | 153,879,000 |
| Total loans | 43,688,000 | 43,820,000 | 43,060,000 | 42,582,000 |
| Allowance for loan losses | 712,000 | 768,000 | 821,000 | 856,000 |
| Securities available for sale | 54,943,000 | 54,320,000 | 53,052,000 | 55,904,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 118,935,000 | 121,935,000 | 126,806,000 | 133,955,000 |
| Interest-bearing deposits | 83,225,000 | 84,476,000 | 86,508,000 | 94,480,000 |
| Noninterest-bearing deposits | 35,710,000 | 37,459,000 | 40,298,000 | 39,476,000 |
| Equity capital | 19,508,000 | 20,000,000 | 19,791,000 | 19,520,000 |
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 | 889,000 | 1,847,000 | 2,826,000 | 3,806,000 |
| Interest expense | 116,000 | 218,000 | 317,000 | 414,000 |
| Net interest income | 773,000 | 1,629,000 | 2,509,000 | 3,392,000 |
| Noninterest income | 689,000 | 822,000 | 962,000 | 1,101,000 |
| Noninterest expense | 709,000 | 1,445,000 | 2,184,000 | 2,956,000 |
| Provision for loan losses | 0 | 53,000 | 107,000 | 211,000 |
| Pretax income | 753,000 | 954,000 | 1,181,000 | 1,320,000 |
| Income tax | 120,000 | 158,000 | 195,000 | 233,000 |
| Net income | 633,000 | 796,000 | 986,000 | 1,087,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,912,000 | 19,200,000 | 18,883,000 | 18,984,000 |