Call reports 2023
FARMERS & MERCHANTS BANK, THE — 2023
What FARMERS & MERCHANTS BANK, THE 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 | 1,676,943,000 | 1,741,171,000 | 1,789,202,000 | 1,803,932,000 |
| Total loans | 1,095,233,000 | 1,176,031,000 | 1,221,781,000 | 1,191,891,000 |
| Allowance for loan losses | 15,593,000 | 16,222,000 | 14,743,000 | 14,602,000 |
| Securities available for sale | 390,431,000 | 370,419,000 | 357,255,000 | 400,617,000 |
| Securities held to maturity | 846,000 | 811,000 | 796,000 | 760,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,469,907,000 | 1,419,859,000 | 1,457,237,000 | 1,459,411,000 |
| Interest-bearing deposits | 1,101,398,000 | 1,077,355,000 | 1,105,260,000 | 1,098,003,000 |
| Noninterest-bearing deposits | 368,509,000 | 342,504,000 | 351,977,000 | 361,408,000 |
| Equity capital | 182,729,000 | 178,532,000 | 173,040,000 | 188,521,000 |
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 | 15,395,000 | 32,477,000 | 51,864,000 | 72,304,000 |
| Interest expense | 3,075,000 | 7,764,000 | 14,319,000 | 22,033,000 |
| Net interest income | 12,320,000 | 24,713,000 | 37,545,000 | 50,271,000 |
| Noninterest income | 3,259,000 | 7,278,000 | 10,596,000 | 13,745,000 |
| Noninterest expense | 11,447,000 | 23,550,000 | 35,789,000 | 48,235,000 |
| Provision for loan losses | 120,000 | 811,000 | -211,000 | -140,000 |
| Pretax income | 3,673,000 | 7,778,000 | 12,415,000 | 15,291,000 |
| Income tax | 711,000 | 2,055,000 | 2,706,000 | 2,935,000 |
| Net income | 2,962,000 | 5,723,000 | 9,709,000 | 12,356,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 169,474,000 | 169,971,000 | 172,190,000 | 172,565,000 |