Call reports 2024
FARMERS AND MERCHANTS BANK OF ASHLAND — 2024
What FARMERS AND MERCHANTS BANK OF ASHLAND 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 | 127,927,000 | 131,508,000 | 133,844,000 | 134,961,000 |
| Total loans | 105,433,000 | 107,666,000 | 106,678,000 | 106,857,000 |
| Allowance for loan losses | 1,013,000 | 1,072,000 | 1,082,000 | 1,082,000 |
| Securities available for sale | 8,939,000 | 9,931,000 | 10,919,000 | 10,515,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 104,471,000 | 110,591,000 | 113,684,000 | 114,533,000 |
| Interest-bearing deposits | 76,755,000 | 84,860,000 | 86,847,000 | 84,048,000 |
| Noninterest-bearing deposits | 27,716,000 | 25,731,000 | 26,837,000 | 30,485,000 |
| Equity capital | 10,309,000 | 10,407,000 | 10,712,000 | 10,755,000 |
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 | 1,613,000 | 3,363,000 | 5,128,000 | 6,945,000 |
| Interest expense | 543,000 | 1,164,000 | 1,839,000 | 2,511,000 |
| Net interest income | 1,070,000 | 2,199,000 | 3,289,000 | 4,434,000 |
| Noninterest income | 133,000 | 200,000 | 303,000 | 374,000 |
| Noninterest expense | 915,000 | 1,835,000 | 2,828,000 | 3,817,000 |
| Provision for loan losses | 15,000 | 75,000 | 85,000 | 85,000 |
| Pretax income | 273,000 | 486,000 | 676,000 | 903,000 |
| Income tax | 52,000 | 90,000 | 143,000 | 177,000 |
| Net income | 221,000 | 396,000 | 533,000 | 726,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,860,000 | 11,034,000 | 11,171,000 | 11,363,000 |
| Total capital | 11,873,000 | 12,107,000 | 12,254,000 | 12,446,000 |
| Risk-weighted assets | 83,423,000 | 85,852,000 | 86,757,000 | 86,885,000 |