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 | 62,853,000 | 65,915,000 | 64,652,000 | 67,045,000 |
| Total loans | 52,381,000 | 53,049,000 | 53,468,000 | 55,973,000 |
| Allowance for loan losses | 984,000 | 982,000 | 996,000 | 1,233,000 |
| Securities available for sale | 5,951,000 | 6,532,000 | 6,973,000 | 6,545,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 49,128,000 | 51,345,000 | 51,053,000 | 50,430,000 |
| Interest-bearing deposits | 41,960,000 | 43,916,000 | 43,666,000 | 41,188,000 |
| Noninterest-bearing deposits | 7,168,000 | 7,429,000 | 7,387,000 | 9,242,000 |
| Equity capital | 6,583,000 | 6,646,000 | 6,666,000 | 6,225,000 |
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 | 1,151,000 | 2,223,000 | 3,320,000 | 4,392,000 |
| Interest expense | 457,000 | 856,000 | 1,224,000 | 1,553,000 |
| Net interest income | 694,000 | 1,367,000 | 2,096,000 | 2,839,000 |
| Noninterest income | 95,000 | 201,000 | 301,000 | 414,000 |
| Noninterest expense | 369,000 | 730,000 | 1,109,000 | 1,512,000 |
| Provision for loan losses | 60,000 | 91,000 | 91,000 | 384,000 |
| Pretax income | 360,000 | 747,000 | 1,197,000 | 1,357,000 |
| Income tax | 15,000 | 32,000 | 52,000 | 61,000 |
| Net income | 345,000 | 715,000 | 1,145,000 | 1,296,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,495,000 | 6,660,000 | 6,638,000 | 6,128,000 |
| Total capital | 7,155,000 | 7,332,000 | 7,312,000 | 6,827,000 |
| Risk-weighted assets | 52,484,000 | 53,434,000 | 53,611,000 | 55,409,000 |
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