Call reports 2013
FARMBANK — 2013
What FARMBANK reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 40,415,000 | 38,612,000 | 38,163,000 | 37,355,000 |
| Total loans | 14,844,000 | 14,536,000 | 14,254,000 | 14,389,000 |
| Allowance for loan losses | 371,000 | 374,000 | 376,000 | 390,000 |
| Securities available for sale | 13,804,000 | 12,896,000 | 12,713,000 | 12,714,000 |
| Securities held to maturity | 2,620,000 | 3,026,000 | 3,024,000 | 2,898,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 29,677,000 | 28,058,000 | 27,504,000 | 26,828,000 |
| Interest-bearing deposits | 25,707,000 | 24,334,000 | 24,145,000 | 23,293,000 |
| Noninterest-bearing deposits | 3,970,000 | 3,724,000 | 3,359,000 | 3,535,000 |
| Equity capital | 3,459,000 | 3,274,000 | 3,360,000 | 3,317,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 281,000 | 569,000 | 841,000 | 1,124,000 |
| Interest expense | 50,000 | 97,000 | 141,000 | 186,000 |
| Net interest income | 231,000 | 472,000 | 700,000 | 938,000 |
| Noninterest income | 26,000 | 85,000 | 120,000 | 170,000 |
| Noninterest expense | 144,000 | 335,000 | 513,000 | 733,000 |
| Provision for loan losses | 7,000 | 15,000 | 20,000 | 24,000 |
| Pretax income | 106,000 | 207,000 | 287,000 | 351,000 |
| Income tax | 33,000 | 64,000 | 85,000 | 93,000 |
| Net income | 73,000 | 143,000 | 202,000 | 258,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,442,000 | 3,451,000 | 3,511,000 | 3,507,000 |
| Total capital | 3,796,000 | 3,792,000 | 3,846,000 | 3,834,000 |
| Risk-weighted assets | 28,292,000 | 27,258,000 | 26,748,000 | 26,080,000 |