Call reports 2023
FARMERS AND MERCHANTS BANK OF SOUTH CAROLINA — 2023
What FARMERS AND MERCHANTS BANK OF SOUTH CAROLINA reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 494,783,000 | 393,929,000 | 386,219,000 | 468,047,000 |
| Total loans | 90,181,000 | 94,495,000 | 99,897,000 | 102,898,000 |
| Allowance for loan losses | 1,394,000 | 1,376,000 | 1,377,000 | 1,374,000 |
| Securities available for sale | 157,730,000 | 157,383,000 | 158,863,000 | 168,568,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 457,837,000 | 356,967,000 | 350,147,000 | 425,763,000 |
| Interest-bearing deposits | 331,050,000 | 249,954,000 | 249,054,000 | 325,913,000 |
| Noninterest-bearing deposits | 126,787,000 | 107,013,000 | 101,093,000 | 99,850,000 |
| Equity capital | 35,783,000 | 35,651,000 | 34,604,000 | 41,159,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 4,939,000 | 9,570,000 | 13,544,000 | 17,791,000 |
| Interest expense | 99,000 | 257,000 | 443,000 | 697,000 |
| Net interest income | 4,840,000 | 9,313,000 | 13,101,000 | 17,094,000 |
| Noninterest income | 535,000 | 1,063,000 | 1,651,000 | 2,187,000 |
| Noninterest expense | 2,174,000 | 4,484,000 | 6,606,000 | 9,391,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 3,203,000 | 5,909,000 | 8,152,000 | 9,899,000 |
| Income tax | 742,000 | 1,367,000 | 1,882,000 | 2,270,000 |
| Net income | 2,461,000 | 4,542,000 | 6,270,000 | 7,629,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 54,549,000 | 56,318,000 | 58,046,000 | 58,530,000 |
| Total capital | 56,037,000 | 57,773,000 | 59,513,000 | 59,991,000 |
| Risk-weighted assets | 133,667,000 | 139,659,000 | 149,671,000 | 151,216,000 |