Call reports 2008
FARMERS STATE BANK OF DANFORTH — 2008
What FARMERS STATE BANK OF DANFORTH 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 | 47,470,000 | 47,054,000 | 46,858,000 | 48,046,000 |
| Total loans | 25,546,000 | 25,615,000 | 27,757,000 | 27,367,000 |
| Allowance for loan losses | 442,000 | 370,000 | 370,000 | 442,000 |
| Securities available for sale | 15,526,000 | 16,231,000 | 15,493,000 | 15,487,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 41,205,000 | 41,630,000 | 41,184,000 | 42,520,000 |
| Interest-bearing deposits | 35,863,000 | 36,111,000 | 36,194,000 | 35,619,000 |
| Noninterest-bearing deposits | 5,342,000 | 5,519,000 | 4,990,000 | 6,901,000 |
| Equity capital | 5,371,000 | 5,091,000 | 5,332,000 | 5,260,000 |
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 | 646,000 | 1,285,000 | 1,949,000 | 2,641,000 |
| Interest expense | 249,000 | 467,000 | 674,000 | 862,000 |
| Net interest income | 397,000 | 818,000 | 1,275,000 | 1,779,000 |
| Noninterest income | 87,000 | 145,000 | 209,000 | 203,000 |
| Noninterest expense | 283,000 | 597,000 | 905,000 | 1,303,000 |
| Provision for loan losses | 0 | 2,000 | 2,000 | 78,000 |
| Pretax income | 201,000 | 364,000 | 577,000 | 601,000 |
| Income tax | 52,000 | 95,000 | 153,000 | 134,000 |
| Net income | 149,000 | 269,000 | 424,000 | 467,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,219,000 | 5,201,000 | 5,357,000 | 5,171,000 |
| Total capital | 5,588,000 | 5,571,000 | 5,726,000 | 5,567,000 |
| Risk-weighted assets | 29,450,000 | 29,684,000 | 31,776,000 | 31,629,000 |
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