Call reports 2020
FARMERS AND MERCHANTS BANK OF ASHLAND — 2020
What FARMERS AND MERCHANTS BANK OF ASHLAND reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 82,708,000 | 97,954,000 | 98,276,000 | 98,620,000 |
| Total loans | 60,328,000 | 64,170,000 | 62,269,000 | 59,720,000 |
| Allowance for loan losses | 640,000 | 655,000 | 670,000 | 679,000 |
| Securities available for sale | 8,644,000 | 11,347,000 | 10,498,000 | 10,622,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 72,144,000 | 78,828,000 | 79,104,000 | 82,088,000 |
| Interest-bearing deposits | 49,026,000 | 56,602,000 | 56,433,000 | 55,858,000 |
| Noninterest-bearing deposits | 23,118,000 | 22,226,000 | 22,671,000 | 26,230,000 |
| Equity capital | 8,970,000 | 9,370,000 | 9,446,000 | 9,547,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 879,000 | 1,921,000 | 2,796,000 | 3,614,000 |
| Interest expense | 60,000 | 111,000 | 168,000 | 219,000 |
| Net interest income | 819,000 | 1,810,000 | 2,628,000 | 3,395,000 |
| Noninterest income | 129,000 | 178,000 | 237,000 | 300,000 |
| Noninterest expense | 687,000 | 1,380,000 | 2,024,000 | 2,745,000 |
| Provision for loan losses | 15,000 | 30,000 | 45,000 | 55,000 |
| Pretax income | 241,000 | 575,000 | 793,000 | 894,000 |
| Income tax | 40,000 | 136,000 | 153,000 | 175,000 |
| Net income | 201,000 | 439,000 | 640,000 | 719,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,970,000 | 9,165,000 | 9,213,000 | 9,341,000 |