Call reports 2008
FARMERS & MERCHANTS STATE BANK — 2008
What FARMERS & MERCHANTS STATE BANK 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 | 142,988,000 | 144,869,000 | 149,780,000 | 149,919,000 |
| Total loans | 98,994,000 | 100,690,000 | 105,085,000 | 108,082,000 |
| Allowance for loan losses | 1,145,000 | 1,108,000 | 1,109,000 | 1,204,000 |
| Securities available for sale | 32,300,000 | 31,167,000 | 34,007,000 | 33,339,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 117,898,000 | 120,178,000 | 121,726,000 | 120,511,000 |
| Interest-bearing deposits | 98,114,000 | 100,832,000 | 102,600,000 | 101,450,000 |
| Noninterest-bearing deposits | 19,784,000 | 19,346,000 | 19,126,000 | 19,061,000 |
| Equity capital | 13,734,000 | 13,442,000 | 13,887,000 | 14,303,000 |
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 | 2,026,000 | 4,064,000 | 6,190,000 | 8,267,000 |
| Interest expense | 845,000 | 1,613,000 | 2,389,000 | 3,088,000 |
| Net interest income | 1,181,000 | 2,451,000 | 3,801,000 | 5,179,000 |
| Noninterest income | 197,000 | 428,000 | 616,000 | 792,000 |
| Noninterest expense | 901,000 | 1,763,000 | 2,600,000 | 3,477,000 |
| Provision for loan losses | 26,000 | 51,000 | 96,000 | 191,000 |
| Pretax income | 483,000 | 1,097,000 | 1,753,000 | 2,335,000 |
| Income tax | 130,000 | 309,000 | 502,000 | 652,000 |
| Net income | 353,000 | 788,000 | 1,251,000 | 1,683,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,323,000 | 13,410,000 | 13,887,000 | 13,972,000 |
| Total capital | 14,468,000 | 14,518,000 | 14,996,000 | 15,176,000 |
| Risk-weighted assets | 106,878,000 | 108,899,000 | 112,936,000 | 114,081,000 |
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