Call reports 2024
FARMERS STATE BANK OF HOFFMAN — 2024
What FARMERS STATE BANK OF HOFFMAN 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 | 34,592,000 | 33,222,000 | 33,485,000 | 33,943,000 |
| Total loans | 13,862,000 | 14,643,000 | 15,213,000 | 15,993,000 |
| Allowance for loan losses | 199,000 | 199,000 | 199,000 | 199,000 |
| Securities available for sale | 13,278,000 | 13,050,000 | 12,786,000 | 12,799,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 31,675,000 | 30,278,000 | 30,079,000 | 30,758,000 |
| Interest-bearing deposits | 23,188,000 | 23,239,000 | 22,464,000 | 22,208,000 |
| Noninterest-bearing deposits | 8,487,000 | 7,039,000 | 7,615,000 | 8,550,000 |
| Equity capital | 2,768,000 | 2,773,000 | 3,264,000 | 3,029,000 |
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 | 341,000 | 696,000 | 1,058,000 | 1,416,000 |
| Interest expense | 95,000 | 193,000 | 291,000 | 385,000 |
| Net interest income | 246,000 | 503,000 | 767,000 | 1,031,000 |
| Noninterest income | 7,000 | 17,000 | 27,000 | 38,000 |
| Noninterest expense | 207,000 | 404,000 | 597,000 | 793,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 47,000 | 111,000 | 196,000 | 277,000 |
| Income tax | 13,000 | 25,000 | 31,000 | 38,000 |
| Net income | 34,000 | 86,000 | 165,000 | 239,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,370,000 | 4,423,000 | 4,502,000 | 4,575,000 |