Call reports 2022
FARMERS AND MERCHANTS BANK OF SOUTH CAROLINA — 2022
What FARMERS AND MERCHANTS BANK OF SOUTH CAROLINA reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 458,023,000 | 397,623,000 | 408,173,000 | 506,829,000 |
| Total loans | 88,187,000 | 88,640,000 | 90,021,000 | 88,591,000 |
| Allowance for loan losses | 1,548,000 | 1,532,000 | 1,471,000 | 1,502,000 |
| Securities available for sale | 132,343,000 | 136,318,000 | 142,058,000 | 152,426,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 417,145,000 | 363,307,000 | 377,423,000 | 473,809,000 |
| Interest-bearing deposits | 306,805,000 | 242,833,000 | 240,782,000 | 354,580,000 |
| Noninterest-bearing deposits | 110,340,000 | 120,474,000 | 136,641,000 | 119,229,000 |
| Equity capital | 39,760,000 | 33,061,000 | 29,403,000 | 32,058,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 1,671,000 | 3,690,000 | 6,367,000 | 10,232,000 |
| Interest expense | 92,000 | 179,000 | 262,000 | 350,000 |
| Net interest income | 1,579,000 | 3,511,000 | 6,105,000 | 9,882,000 |
| Noninterest income | 513,000 | 1,209,000 | 1,736,000 | 3,897,000 |
| Noninterest expense | 1,989,000 | 4,130,000 | 6,150,000 | 8,532,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 103,000 | 590,000 | 1,691,000 | 5,247,000 |
| Income tax | 15,000 | 122,000 | 374,000 | 1,200,000 |
| Net income | 88,000 | 468,000 | 1,317,000 | 4,047,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 48,942,000 | 49,009,000 | 49,859,000 | 52,088,000 |
| Total capital | 50,477,000 | 50,543,000 | 51,332,000 | 53,592,000 |
| Risk-weighted assets | 122,823,000 | 128,458,000 | 133,060,000 | 132,506,000 |