Call reports 2008
FARMERS AND MERCHANTS STATE BANK — 2008
What FARMERS AND MERCHANTS STATE BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 52,879,000 | 53,202,000 | 54,636,000 | 59,193,000 |
| Total loans | 30,291,000 | 35,200,000 | 36,656,000 | 39,869,000 |
| Allowance for loan losses | 591,000 | 591,000 | 590,000 | 580,000 |
| Securities available for sale | 9,762,000 | 9,176,000 | 8,375,000 | 7,835,000 |
| Securities held to maturity | 6,015,000 | 5,552,000 | 5,922,000 | 6,409,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 43,010,000 | 41,365,000 | 43,766,000 | 43,911,000 |
| Interest-bearing deposits | 37,269,000 | 36,256,000 | 35,501,000 | 35,056,000 |
| Noninterest-bearing deposits | 5,741,000 | 5,109,000 | 8,265,000 | 8,855,000 |
| Equity capital | 6,946,000 | 7,073,000 | 7,362,000 | 7,472,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 811,000 | 1,594,000 | 2,417,000 | 3,238,000 |
| Interest expense | 374,000 | 675,000 | 971,000 | 1,224,000 |
| Net interest income | 437,000 | 919,000 | 1,446,000 | 2,014,000 |
| Noninterest income | 39,000 | 84,000 | 119,000 | 151,000 |
| Noninterest expense | 282,000 | 578,000 | 859,000 | 1,261,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 194,000 | 425,000 | 706,000 | 904,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 194,000 | 425,000 | 706,000 | 904,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,843,000 | 7,074,000 | 7,355,000 | 7,553,000 |
| Total capital | 7,353,000 | 7,619,000 | 7,929,000 | 8,133,000 |
| Risk-weighted assets | 40,720,000 | 43,529,000 | 45,934,000 | 48,664,000 |
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