Call reports 2023
FIRST FARMERS & MERCHANTS NATIONAL BANK — 2023
What FIRST FARMERS & MERCHANTS NATIONAL BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 134,453,000 | 131,050,000 | 136,392,000 | 138,827,000 |
| Total loans | 110,314,000 | 109,719,000 | 105,485,000 | 105,685,000 |
| Allowance for loan losses | 1,458,000 | 1,420,000 | 1,421,000 | 1,422,000 |
| Securities available for sale | 16,723,000 | 16,478,000 | 16,333,000 | 16,809,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 109,929,000 | 105,881,000 | 113,687,000 | 114,645,000 |
| Interest-bearing deposits | 90,704,000 | 89,296,000 | 97,236,000 | 99,396,000 |
| Noninterest-bearing deposits | 19,225,000 | 16,585,000 | 16,451,000 | 15,249,000 |
| Equity capital | 10,709,000 | 10,823,000 | 11,045,000 | 12,435,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 1,664,000 | 3,445,000 | 5,368,000 | 7,302,000 |
| Interest expense | 343,000 | 777,000 | 1,277,000 | 1,813,000 |
| Net interest income | 1,321,000 | 2,668,000 | 4,091,000 | 5,489,000 |
| Noninterest income | 58,000 | 135,000 | 191,000 | 246,000 |
| Noninterest expense | 830,000 | 1,694,000 | 2,543,000 | 3,398,000 |
| Provision for loan losses | 0 | -35,000 | -35,000 | -35,000 |
| Pretax income | 549,000 | 1,109,000 | 1,739,000 | 2,337,000 |
| Income tax | 0 | 0 | 0 | -751,000 |
| Net income | 549,000 | 1,109,000 | 1,739,000 | 3,088,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,455,000 | 12,812,000 | 13,178,000 | 14,226,000 |
| Total capital | 13,913,000 | 14,267,000 | 14,601,000 | 15,675,000 |
| Risk-weighted assets | 117,801,000 | 118,857,000 | 113,788,000 | 115,948,000 |