Call reports 2024
FIRST FARMBANK — 2024
What FIRST FARMBANK 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 | 364,977,000 | 365,596,000 | 358,732,000 | 359,803,000 |
| Total loans | 280,437,000 | 288,006,000 | 281,140,000 | 284,587,000 |
| Allowance for loan losses | 2,786,000 | 2,786,000 | 2,787,000 | 2,787,000 |
| Securities available for sale | 23,041,000 | 22,905,000 | 23,360,000 | 22,324,000 |
| Securities held to maturity | 28,021,000 | 27,737,000 | 27,432,000 | 27,152,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 302,079,000 | 294,417,000 | 297,691,000 | 308,323,000 |
| Interest-bearing deposits | 267,740,000 | 258,648,000 | 265,198,000 | 273,761,000 |
| Noninterest-bearing deposits | 34,339,000 | 35,769,000 | 32,493,000 | 34,562,000 |
| Equity capital | 37,550,000 | 38,367,000 | 39,659,000 | 39,948,000 |
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 | 5,420,000 | 11,125,000 | 16,882,000 | 22,370,000 |
| Interest expense | 1,874,000 | 4,052,000 | 6,318,000 | 8,385,000 |
| Net interest income | 3,546,000 | 7,073,000 | 10,564,000 | 13,985,000 |
| Noninterest income | 206,000 | 391,000 | 617,000 | 818,000 |
| Noninterest expense | 2,464,000 | 4,937,000 | 7,394,000 | 9,921,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 1,288,000 | 2,527,000 | 3,787,000 | 4,882,000 |
| Income tax | 314,000 | 616,000 | 923,000 | 1,189,000 |
| Net income | 974,000 | 1,911,000 | 2,864,000 | 3,693,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 39,799,000 | 40,487,000 | 41,190,000 | 42,019,000 |
| Total capital | 42,615,000 | 43,303,000 | 44,007,000 | 44,837,000 |
| Risk-weighted assets | 296,470,000 | 301,827,000 | 297,335,000 | 302,074,000 |