Call reports 2024
FARMERS AND MERCHANTS BANK OF SOUTH CAROLINA — 2024
What FARMERS AND MERCHANTS BANK OF SOUTH CAROLINA reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 376,928,000 | 392,109,000 | 389,165,000 | 540,611,000 |
| Total loans | 109,091,000 | 107,460,000 | 115,957,000 | 121,174,000 |
| Allowance for loan losses | 1,362,000 | 1,376,000 | 1,356,000 | 1,325,000 |
| Securities available for sale | 169,106,000 | 170,995,000 | 176,713,000 | 174,913,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 333,766,000 | 347,032,000 | 337,429,000 | 492,636,000 |
| Interest-bearing deposits | 228,364,000 | 236,471,000 | 218,962,000 | 366,788,000 |
| Noninterest-bearing deposits | 105,402,000 | 110,561,000 | 118,467,000 | 125,848,000 |
| Equity capital | 41,975,000 | 43,721,000 | 50,257,000 | 46,946,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 4,809,000 | 8,781,000 | 12,705,000 | 16,893,000 |
| Interest expense | 278,000 | 544,000 | 807,000 | 1,072,000 |
| Net interest income | 4,531,000 | 8,237,000 | 11,898,000 | 15,821,000 |
| Noninterest income | 524,000 | 1,061,000 | 1,595,000 | 2,142,000 |
| Noninterest expense | 2,242,000 | 4,744,000 | 7,010,000 | 9,576,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 2,806,000 | 4,537,000 | 6,481,000 | 8,395,000 |
| Income tax | 645,000 | 1,030,000 | 1,462,000 | 1,888,000 |
| Net income | 2,161,000 | 3,507,000 | 5,019,000 | 6,507,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 60,690,000 | 61,662,000 | 63,174,000 | 63,724,000 |
| Total capital | 62,146,000 | 63,143,000 | 64,620,000 | 65,129,000 |
| Risk-weighted assets | 159,655,000 | 158,965,000 | 164,335,000 | 170,982,000 |