Call reports 2023
FARMERS AND MERCHANTS BANK OF ASHLAND — 2023
What FARMERS AND MERCHANTS BANK OF ASHLAND 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 | 118,433,000 | 117,975,000 | 123,393,000 | 124,543,000 |
| Total loans | 95,112,000 | 96,793,000 | 102,165,000 | 104,105,000 |
| Allowance for loan losses | 984,000 | 999,000 | 1,014,000 | 998,000 |
| Securities available for sale | 9,555,000 | 9,320,000 | 8,941,000 | 9,297,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 103,176,000 | 99,504,000 | 100,034,000 | 98,616,000 |
| Interest-bearing deposits | 73,250,000 | 71,390,000 | 70,696,000 | 71,165,000 |
| Noninterest-bearing deposits | 29,926,000 | 28,114,000 | 29,338,000 | 27,451,000 |
| Equity capital | 9,808,000 | 9,904,000 | 9,809,000 | 10,345,000 |
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 | 1,236,000 | 2,552,000 | 3,993,000 | 5,525,000 |
| Interest expense | 155,000 | 369,000 | 641,000 | 1,131,000 |
| Net interest income | 1,081,000 | 2,183,000 | 3,352,000 | 4,394,000 |
| Noninterest income | 135,000 | 206,000 | 278,000 | 346,000 |
| Noninterest expense | 900,000 | 1,831,000 | 2,757,000 | 3,682,000 |
| Provision for loan losses | 45,000 | 60,000 | 75,000 | 90,000 |
| Pretax income | 275,000 | 504,000 | 808,000 | 985,000 |
| Income tax | 47,000 | 95,000 | 160,000 | 174,000 |
| Net income | 228,000 | 409,000 | 648,000 | 811,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,310,000 | 10,491,000 | 10,585,000 | 10,742,000 |
| Total capital | 11,294,000 | 11,490,000 | 11,599,000 | 11,720,000 |
| Risk-weighted assets | 78,720,000 | 79,927,000 | 82,159,000 | 78,177,000 |