Call reports 2017
FARMERS AND MERCHANTS BANK OF SOUTH CAROLINA — 2017
What FARMERS AND MERCHANTS BANK OF SOUTH CAROLINA reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 316,758,000 | 284,595,000 | 285,465,000 | 394,695,000 |
| Total loans | 109,465,000 | 107,833,000 | 104,258,000 | 100,033,000 |
| Allowance for loan losses | 1,793,000 | 1,836,000 | 1,699,000 | 1,579,000 |
| Securities available for sale | 79,565,000 | 82,774,000 | 81,270,000 | 82,211,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 272,964,000 | 239,529,000 | 240,071,000 | 351,334,000 |
| Interest-bearing deposits | 181,880,000 | 170,621,000 | 168,243,000 | 229,436,000 |
| Noninterest-bearing deposits | 91,084,000 | 68,908,000 | 71,828,000 | 121,898,000 |
| Equity capital | 42,409,000 | 43,541,000 | 43,719,000 | 42,112,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 2,404,000 | 4,767,000 | 7,142,000 | 9,452,000 |
| Interest expense | 127,000 | 251,000 | 374,000 | 502,000 |
| Net interest income | 2,277,000 | 4,516,000 | 6,768,000 | 8,950,000 |
| Noninterest income | 610,000 | 1,233,000 | 1,855,000 | 2,449,000 |
| Noninterest expense | 2,106,000 | 4,115,000 | 6,240,000 | 8,645,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 781,000 | 1,634,000 | 2,383,000 | 2,754,000 |
| Income tax | 244,000 | 573,000 | 826,000 | 1,512,000 |
| Net income | 537,000 | 1,061,000 | 1,557,000 | 1,242,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 44,314,000 | 44,535,000 | 45,038,000 | 44,510,000 |
| Total capital | 45,852,000 | 46,056,000 | 46,534,000 | 45,954,000 |
| Risk-weighted assets | 122,779,000 | 121,320,000 | 119,438,000 | 115,319,000 |