Call reports 2008
FIRST FARMERS BANK AND TRUST COMPANY — 2008
What FIRST FARMERS BANK AND TRUST COMPANY 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 | 81,708,000 | 80,827,000 | 100,402,000 | 101,623,000 |
| Total loans | 58,471,000 | 61,832,000 | 80,282,000 | 80,875,000 |
| Allowance for loan losses | 920,000 | 966,000 | 1,158,000 | 916,000 |
| Securities available for sale | 5,651,000 | 6,202,000 | 6,152,000 | 5,819,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 58,039,000 | 56,029,000 | 70,004,000 | 71,526,000 |
| Interest-bearing deposits | 44,989,000 | 43,071,000 | 56,104,000 | 58,131,000 |
| Noninterest-bearing deposits | 13,050,000 | 12,957,000 | 13,900,000 | 13,395,000 |
| Equity capital | 11,913,000 | 12,037,000 | 16,872,000 | 16,404,000 |
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 | 1,304,000 | 2,561,000 | 4,040,000 | 5,590,000 |
| Interest expense | 495,000 | 925,000 | 1,398,000 | 1,855,000 |
| Net interest income | 809,000 | 1,636,000 | 2,642,000 | 3,735,000 |
| Noninterest income | 151,000 | 302,000 | 474,000 | 644,000 |
| Noninterest expense | 573,000 | 1,158,000 | 1,863,000 | 2,722,000 |
| Provision for loan losses | 45,000 | 90,000 | 105,000 | 120,000 |
| Pretax income | 353,000 | 703,000 | 1,161,000 | 1,563,000 |
| Income tax | 120,000 | 240,000 | 397,000 | 535,000 |
| Net income | 233,000 | 463,000 | 764,000 | 1,028,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,522,000 | 11,752,000 | 13,325,000 | 12,922,000 |
| Total capital | 12,254,000 | 12,522,000 | 14,313,000 | 13,838,000 |
| Risk-weighted assets | 58,389,000 | 61,398,000 | 78,910,000 | 79,670,000 |
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