Call reports 2018
FARMERS AND MERCHANTS BANK OF SOUTH CAROLINA — 2018
What FARMERS AND MERCHANTS BANK OF SOUTH CAROLINA reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 327,066,000 | 305,882,000 | 302,985,000 | 382,303,000 |
| Total loans | 96,829,000 | 95,156,000 | 91,540,000 | 92,476,000 |
| Allowance for loan losses | 1,579,000 | 1,550,000 | 1,504,000 | 1,550,000 |
| Securities available for sale | 83,806,000 | 83,991,000 | 83,693,000 | 85,867,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 283,900,000 | 262,581,000 | 259,365,000 | 337,696,000 |
| Interest-bearing deposits | 182,390,000 | 176,936,000 | 173,643,000 | 213,974,000 |
| Noninterest-bearing deposits | 101,510,000 | 85,645,000 | 85,722,000 | 123,722,000 |
| Equity capital | 41,853,000 | 41,830,000 | 41,976,000 | 43,420,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 2,622,000 | 5,134,000 | 7,796,000 | 10,434,000 |
| Interest expense | 129,000 | 256,000 | 384,000 | 523,000 |
| Net interest income | 2,493,000 | 4,878,000 | 7,412,000 | 9,911,000 |
| Noninterest income | 618,000 | 1,214,000 | 1,813,000 | 2,469,000 |
| Noninterest expense | 2,079,000 | 4,125,000 | 6,290,000 | 8,378,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 1,032,000 | 1,967,000 | 2,935,000 | 4,002,000 |
| Income tax | 231,000 | 447,000 | 675,000 | 940,000 |
| Net income | 801,000 | 1,520,000 | 2,260,000 | 3,062,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 45,311,000 | 45,529,000 | 46,280,000 | 46,467,000 |
| Total capital | 46,761,000 | 46,936,000 | 47,658,000 | 47,843,000 |
| Risk-weighted assets | 115,878,000 | 112,413,000 | 110,052,000 | 109,902,000 |