Call reports 2023
FIRST FARMERS & MERCHANTS BANK — 2023
What FIRST FARMERS & MERCHANTS BANK 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 | 458,598,000 | 457,956,000 | 456,868,000 | 472,570,000 |
| Total loans | 275,750,000 | 279,309,000 | 282,141,000 | 282,429,000 |
| Allowance for loan losses | 2,874,000 | 2,856,000 | 2,861,000 | 2,864,000 |
| Securities available for sale | 156,904,000 | 155,162,000 | 155,521,000 | 156,617,000 |
| Securities held to maturity | 1,424,000 | 1,424,000 | 1,424,000 | 1,424,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 399,551,000 | 397,040,000 | 395,414,000 | 404,714,000 |
| Interest-bearing deposits | 326,497,000 | 322,693,000 | 326,086,000 | 332,435,000 |
| Noninterest-bearing deposits | 73,054,000 | 74,347,000 | 69,328,000 | 72,279,000 |
| Equity capital | 27,100,000 | 26,134,000 | 26,335,000 | 33,896,000 |
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 | 4,207,000 | 8,650,000 | 13,314,000 | 18,215,000 |
| Interest expense | 860,000 | 2,190,000 | 3,632,000 | 5,213,000 |
| Net interest income | 3,347,000 | 6,460,000 | 9,682,000 | 13,002,000 |
| Noninterest income | 379,000 | 946,000 | 1,380,000 | 1,923,000 |
| Noninterest expense | 2,234,000 | 4,642,000 | 6,906,000 | 9,252,000 |
| Provision for loan losses | 0 | -22,000 | -22,000 | -22,000 |
| Pretax income | 1,492,000 | 2,764,000 | 4,156,000 | 5,673,000 |
| Income tax | 0 | 0 | 0 | -4,310,000 |
| Net income | 1,492,000 | 2,764,000 | 4,156,000 | 9,983,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 37,927,000 | 38,651,000 | 38,396,000 | 43,224,000 |
| Total capital | 40,801,000 | 41,529,000 | 41,279,000 | 46,110,000 |
| Risk-weighted assets | 327,138,000 | 331,236,000 | 334,015,000 | 338,361,000 |