Call reports 2021
FARMBANK — 2021
What FARMBANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 69,889,000 | 70,868,000 | 70,276,000 | 72,629,000 |
| Total loans | 44,731,000 | 45,487,000 | 45,695,000 | 45,347,000 |
| Allowance for loan losses | 519,000 | 543,000 | 554,000 | 584,000 |
| Securities available for sale | 10,043,000 | 13,801,000 | 15,240,000 | 15,206,000 |
| Securities held to maturity | 2,700,000 | 2,593,000 | 2,487,000 | 2,481,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 57,763,000 | 58,022,000 | 57,366,000 | 59,782,000 |
| Interest-bearing deposits | 48,927,000 | 49,388,000 | 49,179,000 | 51,112,000 |
| Noninterest-bearing deposits | 8,836,000 | 8,634,000 | 8,187,000 | 8,670,000 |
| Equity capital | 5,383,000 | 5,495,000 | 5,729,000 | 5,755,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 664,000 | 1,422,000 | 2,332,000 | 3,083,000 |
| Interest expense | 155,000 | 298,000 | 431,000 | 554,000 |
| Net interest income | 509,000 | 1,124,000 | 1,901,000 | 2,529,000 |
| Noninterest income | 31,000 | 82,000 | 136,000 | 192,000 |
| Noninterest expense | 494,000 | 1,035,000 | 1,555,000 | 2,106,000 |
| Provision for loan losses | 40,000 | 65,000 | 85,000 | 115,000 |
| Pretax income | 6,000 | 106,000 | 397,000 | 504,000 |
| Income tax | -6,000 | 6,000 | 68,000 | 78,000 |
| Net income | 12,000 | 100,000 | 329,000 | 426,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,443,000 | 5,531,000 | 5,759,000 | 5,856,000 |
| Total capital | 5,962,000 | 6,074,000 | 6,313,000 | 6,440,000 |
| Risk-weighted assets | 49,276,000 | 50,502,000 | 51,937,000 | 52,236,000 |