Call reports 2024
FARMERS & MERCHANTS BANK, THE — 2024
What FARMERS & MERCHANTS BANK, THE 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 | 1,846,491,000 | 1,852,126,000 | 1,842,684,000 | 1,812,990,000 |
| Total loans | 1,223,965,000 | 1,274,541,000 | 1,282,505,000 | 1,289,800,000 |
| Allowance for loan losses | 14,641,000 | 15,013,000 | 15,438,000 | 15,586,000 |
| Securities available for sale | 368,388,000 | 348,745,000 | 333,138,000 | 318,554,000 |
| Securities held to maturity | 745,000 | 709,000 | 693,000 | 657,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,460,397,000 | 1,469,903,000 | 1,487,662,000 | 1,512,650,000 |
| Interest-bearing deposits | 1,096,912,000 | 1,098,896,000 | 1,111,029,000 | 1,266,598,000 |
| Noninterest-bearing deposits | 363,485,000 | 371,007,000 | 376,633,000 | 246,052,000 |
| Equity capital | 191,652,000 | 193,982,000 | 201,897,000 | 197,781,000 |
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 | 20,530,000 | 42,888,000 | 66,201,000 | 89,618,000 |
| Interest expense | 8,616,000 | 18,038,000 | 27,638,000 | 36,317,000 |
| Net interest income | 11,914,000 | 24,850,000 | 38,563,000 | 53,301,000 |
| Noninterest income | 3,374,000 | 6,833,000 | 10,110,000 | 13,708,000 |
| Noninterest expense | 11,629,000 | 23,109,000 | 35,230,000 | 48,028,000 |
| Provision for loan losses | 183,000 | 763,000 | 1,500,000 | 2,544,000 |
| Pretax income | 4,121,000 | 9,022,000 | 13,144,000 | 17,635,000 |
| Income tax | 746,000 | 1,785,000 | 2,625,000 | 3,490,000 |
| Net income | 3,375,000 | 7,237,000 | 10,519,000 | 14,145,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 175,215,000 | 176,641,000 | 177,782,000 | 178,268,000 |