Call reports 2018
FARMERS AND MERCHANTS BANK OF ASHLAND — 2018
What FARMERS AND MERCHANTS BANK OF ASHLAND reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 79,881,000 | 77,975,000 | 77,059,000 | 76,306,000 |
| Total loans | 48,636,000 | 51,916,000 | 52,600,000 | 54,969,000 |
| Allowance for loan losses | 568,000 | 577,000 | 585,000 | 593,000 |
| Securities available for sale | 9,715,000 | 9,421,000 | 8,882,000 | 8,952,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 69,650,000 | 67,701,000 | 66,835,000 | 64,013,000 |
| Interest-bearing deposits | 48,720,000 | 48,380,000 | 47,622,000 | 47,363,000 |
| Noninterest-bearing deposits | 20,930,000 | 19,321,000 | 19,213,000 | 16,650,000 |
| Equity capital | 8,178,000 | 8,284,000 | 8,263,000 | 8,447,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 779,000 | 1,559,000 | 2,387,000 | 3,214,000 |
| Interest expense | 35,000 | 72,000 | 121,000 | 185,000 |
| Net interest income | 744,000 | 1,487,000 | 2,266,000 | 3,029,000 |
| Noninterest income | 121,000 | 193,000 | 265,000 | 332,000 |
| Noninterest expense | 626,000 | 1,291,000 | 1,870,000 | 2,564,000 |
| Provision for loan losses | 6,000 | 12,000 | 18,000 | 24,000 |
| Pretax income | 233,000 | 377,000 | 643,000 | 773,000 |
| Income tax | 39,000 | 67,000 | 125,000 | 151,000 |
| Net income | 194,000 | 310,000 | 518,000 | 622,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,355,000 | 8,471,000 | 8,496,000 | 8,599,000 |
| Total capital | 8,923,000 | 9,048,000 | 9,081,000 | 9,192,000 |
| Risk-weighted assets | 53,635,000 | 55,219,000 | 55,145,000 | 57,905,000 |