Call reports 2024
FARMERS & MERCHANTS BANK, THE — 2024
What FARMERS & MERCHANTS BANK, THE 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 | 884,020,000 | 884,646,000 | 903,735,000 | 937,207,000 |
| Total loans | 699,836,000 | 700,663,000 | 712,624,000 | 739,273,000 |
| Allowance for loan losses | 7,643,000 | 8,245,000 | 7,939,000 | 8,021,000 |
| Securities available for sale | 99,295,000 | 99,993,000 | 107,411,000 | 104,600,000 |
| Securities held to maturity | 44,963,000 | 44,650,000 | 44,312,000 | 44,033,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 743,050,000 | 766,783,000 | 764,097,000 | 796,799,000 |
| Interest-bearing deposits | 690,311,000 | 706,665,000 | 712,987,000 | 739,987,000 |
| Noninterest-bearing deposits | 52,739,000 | 60,118,000 | 51,110,000 | 56,812,000 |
| Equity capital | 66,270,000 | 68,487,000 | 71,504,000 | 70,443,000 |
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 | 12,534,000 | 25,568,000 | 39,018,000 | 53,089,000 |
| Interest expense | 6,329,000 | 12,891,000 | 19,610,000 | 26,472,000 |
| Net interest income | 6,205,000 | 12,677,000 | 19,408,000 | 26,617,000 |
| Noninterest income | 599,000 | 1,013,000 | 1,544,000 | 2,011,000 |
| Noninterest expense | 2,931,000 | 6,005,000 | 9,646,000 | 14,836,000 |
| Provision for loan losses | 242,000 | 859,000 | 1,689,000 | 2,747,000 |
| Pretax income | 3,725,000 | 6,895,000 | 9,743,000 | 10,993,000 |
| Income tax | 619,000 | 1,099,000 | 1,554,000 | 1,923,000 |
| Net income | 3,106,000 | 5,796,000 | 8,189,000 | 9,070,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 76,797,000 | 79,066,000 | 81,035,000 | 81,446,000 |
| Total capital | 84,748,000 | 87,644,000 | 89,250,000 | 89,920,000 |
| Risk-weighted assets | 701,528,000 | 698,881,000 | 708,943,000 | 734,134,000 |