Call reports 2024
FARMERS AND MERCHANTS BANK — 2024
What FARMERS AND MERCHANTS BANK 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 | 166,135,000 | 163,037,000 | 160,879,000 | 169,875,000 |
| Total loans | 48,769,000 | 50,125,000 | 50,828,000 | 55,199,000 |
| Allowance for loan losses | 908,000 | 908,000 | 908,000 | 944,000 |
| Securities available for sale | 68,375,000 | 66,123,000 | 69,395,000 | 70,213,000 |
| Securities held to maturity | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 147,177,000 | 143,023,000 | 139,745,000 | 149,662,000 |
| Interest-bearing deposits | 107,029,000 | 102,923,000 | 97,838,000 | 109,115,000 |
| Noninterest-bearing deposits | 40,148,000 | 40,100,000 | 41,907,000 | 40,547,000 |
| Equity capital | 18,324,000 | 19,370,000 | 20,336,000 | 19,514,000 |
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 | 1,891,000 | 3,899,000 | 5,859,000 | 7,902,000 |
| Interest expense | 340,000 | 684,000 | 1,059,000 | 1,431,000 |
| Net interest income | 1,551,000 | 3,215,000 | 4,800,000 | 6,471,000 |
| Noninterest income | 186,000 | 395,000 | 597,000 | 789,000 |
| Noninterest expense | 793,000 | 1,562,000 | 2,327,000 | 3,090,000 |
| Provision for loan losses | -48,000 | -48,000 | -48,000 | 2,000 |
| Pretax income | 807,000 | 1,911,000 | 2,933,000 | 3,979,000 |
| Income tax | 165,000 | 310,000 | 535,000 | 770,000 |
| Net income | 642,000 | 1,601,000 | 2,398,000 | 3,209,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,619,000 | 23,577,000 | 23,068,000 | 23,878,000 |