Call reports 2008
FIRST FARMERS STATE BANK — 2008
What FIRST FARMERS 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 | 125,717,000 | 125,580,000 | 127,510,000 | 127,087,000 |
| Total loans | 73,877,000 | 79,680,000 | 84,645,000 | 85,670,000 |
| Allowance for loan losses | 839,000 | 615,000 | 682,000 | 658,000 |
| Securities available for sale | 28,624,000 | 20,634,000 | 19,247,000 | 18,176,000 |
| Securities held to maturity | 7,095,000 | 13,562,000 | 13,200,000 | 12,188,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 109,934,000 | 105,623,000 | 100,926,000 | 98,486,000 |
| Interest-bearing deposits | 97,686,000 | 94,476,000 | 89,846,000 | 87,702,000 |
| Noninterest-bearing deposits | 12,248,000 | 11,147,000 | 11,080,000 | 10,784,000 |
| Equity capital | 10,564,000 | 10,205,000 | 10,606,000 | 11,217,000 |
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 | 1,852,000 | 3,674,000 | 5,483,000 | 7,368,000 |
| Interest expense | 941,000 | 1,734,000 | 2,487,000 | 3,206,000 |
| Net interest income | 911,000 | 1,940,000 | 2,996,000 | 4,162,000 |
| Noninterest income | 295,000 | 617,000 | 861,000 | 1,108,000 |
| Noninterest expense | 917,000 | 1,840,000 | 2,687,000 | 3,565,000 |
| Provision for loan losses | 0 | 105,000 | 210,000 | 257,000 |
| Pretax income | 289,000 | 612,000 | 960,000 | 1,141,000 |
| Income tax | 3,000 | 7,000 | 10,000 | 12,000 |
| Net income | 286,000 | 605,000 | 950,000 | 1,129,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,608,000 | 9,916,000 | 10,290,000 | 10,498,000 |
| Total capital | 10,447,000 | 10,531,000 | 10,972,000 | 11,156,000 |
| Risk-weighted assets | 86,052,000 | 88,462,000 | 98,724,000 | 102,203,000 |