Call reports 2020
FIRST FARMERS & MERCHANTS BANK — 2020
What FIRST FARMERS & MERCHANTS BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 334,970,000 | 371,945,000 | 385,343,000 | 417,785,000 |
| Total loans | 241,851,000 | 262,356,000 | 255,183,000 | 241,757,000 |
| Allowance for loan losses | 3,052,000 | 3,217,000 | 2,978,000 | 3,349,000 |
| Securities available for sale | 37,995,000 | 39,624,000 | 43,569,000 | 53,472,000 |
| Securities held to maturity | 30,000 | 27,000 | 389,000 | 389,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 283,686,000 | 318,865,000 | 332,436,000 | 364,805,000 |
| Interest-bearing deposits | 230,084,000 | 252,935,000 | 269,919,000 | 294,145,000 |
| Noninterest-bearing deposits | 53,602,000 | 65,930,000 | 62,517,000 | 70,660,000 |
| Equity capital | 48,143,000 | 49,314,000 | 49,712,000 | 49,978,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 3,771,000 | 7,515,000 | 11,114,000 | 14,869,000 |
| Interest expense | 334,000 | 604,000 | 858,000 | 1,103,000 |
| Net interest income | 3,437,000 | 6,911,000 | 10,256,000 | 13,766,000 |
| Noninterest income | 508,000 | 1,319,000 | 2,171,000 | 3,274,000 |
| Noninterest expense | 2,195,000 | 4,501,000 | 6,704,000 | 9,065,000 |
| Provision for loan losses | 500,000 | 650,000 | 1,050,000 | 2,074,000 |
| Pretax income | 1,250,000 | 3,079,000 | 4,676,000 | 5,904,000 |
| Income tax | 1,000 | 2,000 | 3,000 | 4,000 |
| Net income | 1,249,000 | 3,077,000 | 4,673,000 | 5,900,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 44,849,000 | 45,796,000 | 46,233,000 | 46,680,000 |
| Total capital | 47,901,000 | 49,013,000 | 49,211,000 | 49,923,000 |
| Risk-weighted assets | 273,504,000 | 275,711,000 | 267,389,000 | 259,339,000 |