Call reports 2008
FARMERS & MERCHANTS SAVINGS BANK — 2008
What FARMERS & MERCHANTS SAVINGS 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 | 120,786,000 | 119,944,000 | 118,586,000 | 122,471,000 |
| Total loans | 79,679,000 | 77,854,000 | 77,441,000 | 78,191,000 |
| Allowance for loan losses | 873,000 | 912,000 | 941,000 | 1,327,000 |
| Securities available for sale | 25,664,000 | 30,835,000 | 31,338,000 | 32,054,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 86,076,000 | 83,215,000 | 79,671,000 | 86,052,000 |
| Interest-bearing deposits | 79,834,000 | 75,791,000 | 72,808,000 | 79,172,000 |
| Noninterest-bearing deposits | 6,242,000 | 7,424,000 | 6,863,000 | 6,880,000 |
| Equity capital | 12,934,000 | 12,566,000 | 12,832,000 | 12,733,000 |
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 | 1,746,000 | 3,421,000 | 5,137,000 | 6,861,000 |
| Interest expense | 1,083,000 | 2,067,000 | 2,977,000 | 3,908,000 |
| Net interest income | 663,000 | 1,354,000 | 2,160,000 | 2,953,000 |
| Noninterest income | 84,000 | 172,000 | 251,000 | 365,000 |
| Noninterest expense | 548,000 | 1,125,000 | 1,711,000 | 2,478,000 |
| Provision for loan losses | 75,000 | 150,000 | 225,000 | 630,000 |
| Pretax income | 124,000 | 251,000 | 511,000 | 326,000 |
| Income tax | 15,000 | 7,000 | 46,000 | 45,000 |
| Net income | 109,000 | 244,000 | 465,000 | 281,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,593,000 | 12,651,000 | 12,793,000 | 12,531,000 |
| Total capital | 13,466,000 | 13,563,000 | 13,734,000 | 13,631,000 |
| Risk-weighted assets | 88,996,000 | 87,889,000 | 85,417,000 | 87,745,000 |