Call reports 2024
FIRST FARMERS & MERCHANTS BANK — 2024
What FIRST FARMERS & MERCHANTS BANK 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 | 465,565,000 | 465,018,000 | 460,017,000 | 456,312,000 |
| Total loans | 282,167,000 | 286,645,000 | 283,719,000 | 278,914,000 |
| Allowance for loan losses | 2,867,000 | 2,868,000 | 2,869,000 | 2,796,000 |
| Securities available for sale | 151,946,000 | 150,039,000 | 136,453,000 | 133,887,000 |
| Securities held to maturity | 1,364,000 | 1,364,000 | 1,364,000 | 1,364,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 399,297,000 | 398,033,000 | 395,954,000 | 415,410,000 |
| Interest-bearing deposits | 336,156,000 | 335,113,000 | 334,195,000 | 347,152,000 |
| Noninterest-bearing deposits | 63,141,000 | 62,920,000 | 61,759,000 | 68,258,000 |
| Equity capital | 34,016,000 | 34,884,000 | 36,744,000 | 38,204,000 |
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 | 5,201,000 | 10,304,000 | 15,491,000 | 20,818,000 |
| Interest expense | 1,916,000 | 3,712,000 | 5,520,000 | 7,125,000 |
| Net interest income | 3,285,000 | 6,592,000 | 9,971,000 | 13,693,000 |
| Noninterest income | 361,000 | 810,000 | 1,205,000 | 1,609,000 |
| Noninterest expense | 2,274,000 | 4,749,000 | 7,148,000 | 9,525,000 |
| Provision for loan losses | 0 | 0 | 0 | -75,000 |
| Pretax income | 1,372,000 | 2,653,000 | 4,028,000 | 5,849,000 |
| Income tax | 829,000 | 1,634,000 | 2,464,000 | 2,180,000 |
| Net income | 543,000 | 1,019,000 | 1,564,000 | 3,669,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 43,016,000 | 43,091,000 | 42,638,000 | 43,892,000 |
| Total capital | 45,905,000 | 45,981,000 | 45,529,000 | 46,784,000 |
| Risk-weighted assets | 334,589,000 | 340,773,000 | 334,729,000 | 326,794,000 |