Call reports 2024
FIRST FARMERS & MERCHANTS NATIONAL BANK — 2024
What FIRST FARMERS & MERCHANTS NATIONAL BANK 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 | 131,735,000 | 137,252,000 | 139,186,000 | 136,701,000 |
| Total loans | 106,268,000 | 112,829,000 | 111,618,000 | 106,263,000 |
| Allowance for loan losses | 1,422,000 | 1,422,000 | 1,422,000 | 1,422,000 |
| Securities available for sale | 16,800,000 | 16,915,000 | 15,873,000 | 13,174,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 102,060,000 | 105,049,000 | 108,760,000 | 111,516,000 |
| Interest-bearing deposits | 88,314,000 | 90,493,000 | 91,148,000 | 96,583,000 |
| Noninterest-bearing deposits | 13,746,000 | 14,556,000 | 17,612,000 | 14,933,000 |
| Equity capital | 12,477,000 | 12,517,000 | 12,853,000 | 12,916,000 |
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 | 1,940,000 | 3,834,000 | 5,863,000 | 7,888,000 |
| Interest expense | 679,000 | 1,417,000 | 2,232,000 | 3,024,000 |
| Net interest income | 1,261,000 | 2,417,000 | 3,631,000 | 4,864,000 |
| Noninterest income | 55,000 | 108,000 | 174,000 | 246,000 |
| Noninterest expense | 902,000 | 1,823,000 | 2,713,000 | 3,613,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 414,000 | 702,000 | 1,092,000 | 1,467,000 |
| Income tax | 168,000 | 298,000 | 458,000 | 489,000 |
| Net income | 246,000 | 404,000 | 634,000 | 978,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,273,000 | 14,231,000 | 14,261,000 | 14,405,000 |
| Total capital | 15,726,000 | 15,688,000 | 15,718,000 | 15,840,000 |
| Risk-weighted assets | 116,252,000 | 123,231,000 | 120,268,000 | 114,713,000 |
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