Call reports 2020
FIRST FARMERS & MERCHANTS NATIONAL BANK — 2020
What FIRST FARMERS & MERCHANTS NATIONAL BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 110,275,000 | 125,237,000 | 129,701,000 | 162,948,000 |
| Total loans | 95,640,000 | 113,419,000 | 115,436,000 | 106,615,000 |
| Allowance for loan losses | 1,321,000 | 1,404,000 | 1,360,000 | 2,164,000 |
| Securities available for sale | 8,210,000 | 7,719,000 | 8,689,000 | 7,655,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 81,226,000 | 97,109,000 | 102,787,000 | 136,939,000 |
| Interest-bearing deposits | 67,733,000 | 77,842,000 | 88,300,000 | 121,921,000 |
| Noninterest-bearing deposits | 13,493,000 | 19,267,000 | 14,488,000 | 15,018,000 |
| Equity capital | 15,429,000 | 15,687,000 | 15,949,000 | 15,392,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 1,289,000 | 2,633,000 | 3,990,000 | 5,528,000 |
| Interest expense | 245,000 | 446,000 | 638,000 | 815,000 |
| Net interest income | 1,044,000 | 2,187,000 | 3,352,000 | 4,713,000 |
| Noninterest income | 39,000 | 131,000 | 216,000 | 341,000 |
| Noninterest expense | 746,000 | 1,499,000 | 2,253,000 | 3,002,000 |
| Provision for loan losses | 215,000 | 285,000 | 415,000 | 1,445,000 |
| Pretax income | 122,000 | 534,000 | 900,000 | 607,000 |
| Income tax | 0 | 0 | 0 | 1,000 |
| Net income | 122,000 | 534,000 | 900,000 | 606,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,249,000 | 15,492,000 | 15,778,000 | 15,252,000 |
| Total capital | 16,522,000 | 16,821,000 | 17,110,000 | 16,508,000 |
| Risk-weighted assets | 101,813,000 | 106,211,000 | 106,492,000 | 99,606,000 |