Call reports 2020
FARMERS AND MERCHANTS BANK OF SOUTH CAROLINA — 2020
What FARMERS AND MERCHANTS BANK OF SOUTH CAROLINA reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 341,712,000 | 338,143,000 | 334,507,000 | 416,975,000 |
| Total loans | 87,831,000 | 96,394,000 | 100,343,000 | 99,155,000 |
| Allowance for loan losses | 1,553,000 | 1,527,000 | 1,538,000 | 1,508,000 |
| Securities available for sale | 85,638,000 | 87,444,000 | 103,441,000 | 112,539,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 290,874,000 | 287,456,000 | 283,701,000 | 367,408,000 |
| Interest-bearing deposits | 176,965,000 | 177,963,000 | 183,115,000 | 220,665,000 |
| Noninterest-bearing deposits | 113,909,000 | 109,493,000 | 100,586,000 | 146,743,000 |
| Equity capital | 49,523,000 | 49,242,000 | 49,239,000 | 48,492,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 2,769,000 | 4,622,000 | 6,487,000 | 8,292,000 |
| Interest expense | 196,000 | 325,000 | 443,000 | 557,000 |
| Net interest income | 2,573,000 | 4,297,000 | 6,044,000 | 7,735,000 |
| Noninterest income | 539,000 | 997,000 | 1,479,000 | 1,987,000 |
| Noninterest expense | 2,036,000 | 4,169,000 | 6,097,000 | 8,245,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 1,076,000 | 1,126,000 | 1,427,000 | 1,479,000 |
| Income tax | 254,000 | 263,000 | 329,000 | 334,000 |
| Net income | 822,000 | 863,000 | 1,098,000 | 1,145,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 49,411,000 | 49,139,000 | 49,375,000 | 48,922,000 |
| Total capital | 50,709,000 | 50,494,000 | 50,818,000 | 50,390,000 |
| Risk-weighted assets | 103,547,000 | 108,260,000 | 115,360,000 | 117,386,000 |