Call reports 2023
FARMERS & MERCHANTS BANK, THE — 2023
What FARMERS & MERCHANTS BANK, THE 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 | 688,931,000 | 749,844,000 | 774,047,000 | 841,650,000 |
| Total loans | 557,068,000 | 590,738,000 | 612,999,000 | 659,667,000 |
| Allowance for loan losses | 6,109,000 | 6,819,000 | 6,781,000 | 7,415,000 |
| Securities available for sale | 54,508,000 | 84,760,000 | 77,595,000 | 97,861,000 |
| Securities held to maturity | 46,070,000 | 45,796,000 | 45,460,000 | 45,184,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 567,470,000 | 592,315,000 | 630,159,000 | 690,692,000 |
| Interest-bearing deposits | 519,728,000 | 547,278,000 | 585,003,000 | 641,170,000 |
| Noninterest-bearing deposits | 47,742,000 | 45,037,000 | 45,156,000 | 49,522,000 |
| Equity capital | 57,215,000 | 58,917,000 | 55,663,000 | 63,914,000 |
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 | 8,267,000 | 17,659,000 | 27,817,000 | 39,197,000 |
| Interest expense | 3,202,000 | 7,060,000 | 11,913,000 | 17,563,000 |
| Net interest income | 5,065,000 | 10,599,000 | 15,904,000 | 21,634,000 |
| Noninterest income | 698,000 | 1,004,000 | 1,474,000 | 1,981,000 |
| Noninterest expense | 2,306,000 | 5,363,000 | 8,750,000 | 12,306,000 |
| Provision for loan losses | 0 | 711,000 | 711,000 | 1,355,000 |
| Pretax income | 3,457,000 | 5,517,000 | 7,905,000 | 9,918,000 |
| Income tax | 771,000 | 1,158,000 | 1,362,000 | 1,560,000 |
| Net income | 2,686,000 | 4,359,000 | 6,543,000 | 8,358,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 68,851,000 | 70,523,000 | 72,376,000 | 73,691,000 |
| Total capital | 75,326,000 | 77,720,000 | 79,535,000 | 81,508,000 |
| Risk-weighted assets | 569,361,000 | 611,208,000 | 625,304,000 | 664,592,000 |