Call reports 2023
FARMINGTON STATE BANK — 2023
What FARMINGTON STATE BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 |
|---|---|---|
| Total assets | 18,555,000 | 16,323,000 |
| Total loans | 12,396,000 | 11,691,000 |
| Allowance for loan losses | 85,000 | 85,000 |
| Securities available for sale | 0 | 0 |
| Securities held to maturity | 40,000 | 0 |
| Trading assets | 0 | 0 |
| Total deposits | 6,486,000 | 4,819,000 |
| Interest-bearing deposits | 4,348,000 | 3,255,000 |
| Noninterest-bearing deposits | 2,138,000 | 1,564,000 |
| Equity capital | 11,769,000 | 11,401,000 |
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 |
|---|---|---|
| Interest income | 297,000 | 566,000 |
| Interest expense | 19,000 | 29,000 |
| Net interest income | 278,000 | 537,000 |
| Noninterest income | 17,000 | 167,000 |
| Noninterest expense | 1,773,000 | 2,550,000 |
| Provision for loan losses | 6,000 | 6,000 |
| Pretax income | -1,506,000 | -1,874,000 |
| Income tax | 0 | 0 |
| Net income | -1,506,000 | -1,874,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 |
|---|---|---|
| Tier 1 capital | 10,779,000 | 10,446,000 |