Call reports 2023
FARMERS AND MERCHANTS BANK — 2023
What FARMERS AND MERCHANTS BANK 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 | 156,596,000 | 153,285,000 | 156,739,000 | 165,476,000 |
| Total loans | 46,709,000 | 45,882,000 | 45,167,000 | 49,254,000 |
| Allowance for loan losses | 884,000 | 904,000 | 867,000 | 954,000 |
| Securities available for sale | 60,536,000 | 57,957,000 | 53,606,000 | 67,947,000 |
| Securities held to maturity | 3,942,000 | 3,965,000 | 3,987,000 | 1,000,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 139,969,000 | 136,039,000 | 140,892,000 | 147,068,000 |
| Interest-bearing deposits | 96,968,000 | 92,164,000 | 100,379,000 | 106,747,000 |
| Noninterest-bearing deposits | 43,001,000 | 43,875,000 | 40,513,000 | 40,321,000 |
| Equity capital | 16,249,000 | 16,872,000 | 15,355,000 | 17,967,000 |
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 | 1,528,000 | 3,180,000 | 4,780,000 | 6,640,000 |
| Interest expense | 147,000 | 336,000 | 543,000 | 862,000 |
| Net interest income | 1,381,000 | 2,844,000 | 4,237,000 | 5,778,000 |
| Noninterest income | 201,000 | 409,000 | 611,000 | 805,000 |
| Noninterest expense | 762,000 | 1,514,000 | 2,283,000 | 3,065,000 |
| Provision for loan losses | 20,000 | 40,000 | 30,000 | 98,000 |
| Pretax income | 797,000 | 1,696,000 | 2,522,000 | 3,375,000 |
| Income tax | 171,000 | 370,000 | 563,000 | 761,000 |
| Net income | 626,000 | 1,326,000 | 1,959,000 | 2,614,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 20,911,000 | 21,611,000 | 21,321,000 | 21,977,000 |