Call reports 2021
FARMERS AND MERCHANTS BANK OF ASHLAND — 2021
What FARMERS AND MERCHANTS BANK OF ASHLAND reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 105,820,000 | 110,170,000 | 112,405,000 | 114,475,000 |
| Total loans | 63,094,000 | 65,806,000 | 68,897,000 | 75,525,000 |
| Allowance for loan losses | 679,000 | 689,000 | 705,000 | 779,000 |
| Securities available for sale | 9,252,000 | 9,384,000 | 8,872,000 | 8,932,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 89,173,000 | 93,237,000 | 95,542,000 | 97,580,000 |
| Interest-bearing deposits | 60,086,000 | 64,172,000 | 65,871,000 | 64,167,000 |
| Noninterest-bearing deposits | 29,087,000 | 29,065,000 | 29,671,000 | 33,413,000 |
| Equity capital | 9,511,000 | 9,841,000 | 9,942,000 | 9,906,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 880,000 | 2,001,000 | 3,082,000 | 3,954,000 |
| Interest expense | 45,000 | 88,000 | 133,000 | 169,000 |
| Net interest income | 835,000 | 1,913,000 | 2,949,000 | 3,785,000 |
| Noninterest income | 137,000 | 234,000 | 301,000 | 323,000 |
| Noninterest expense | 747,000 | 1,525,000 | 2,281,000 | 3,083,000 |
| Provision for loan losses | 0 | 10,000 | 25,000 | 100,000 |
| Pretax income | 230,000 | 618,000 | 950,000 | 935,000 |
| Income tax | 33,000 | 112,000 | 192,000 | 184,000 |
| Net income | 197,000 | 506,000 | 758,000 | 751,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,393,000 | 9,702,000 | 9,809,000 | 9,802,000 |
| Total capital | — | — | — | 10,414,000 |
| Risk-weighted assets | — | — | — | 48,849,000 |