Call reports 2008
FARMERS STATE BANK OF ELKTON — 2008
What FARMERS STATE BANK OF ELKTON 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 | 35,155,000 | 34,451,000 | 34,217,000 | 37,846,000 |
| Total loans | 21,804,000 | 20,661,000 | 20,785,000 | 20,582,000 |
| Allowance for loan losses | 515,000 | 254,000 | 504,000 | 421,000 |
| Securities available for sale | 7,236,000 | 7,686,000 | 8,888,000 | 8,889,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 30,668,000 | 30,124,000 | 30,012,000 | 33,710,000 |
| Interest-bearing deposits | 27,764,000 | 26,995,000 | 26,791,000 | 28,089,000 |
| Noninterest-bearing deposits | 2,904,000 | 3,129,000 | 3,221,000 | 5,621,000 |
| Equity capital | 4,296,000 | 4,164,000 | 4,036,000 | 3,986,000 |
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 | 564,000 | 1,088,000 | 1,613,000 | 2,124,000 |
| Interest expense | 222,000 | 427,000 | 614,000 | 791,000 |
| Net interest income | 342,000 | 661,000 | 999,000 | 1,333,000 |
| Noninterest income | 24,000 | 48,000 | 77,000 | 116,000 |
| Noninterest expense | 192,000 | 389,000 | 576,000 | 783,000 |
| Provision for loan losses | 6,000 | 12,000 | 262,000 | 368,000 |
| Pretax income | 168,000 | 308,000 | 238,000 | 298,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 168,000 | 308,000 | 238,000 | 298,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,218,000 | 4,204,000 | 4,066,000 | 3,926,000 |
| Total capital | 4,539,000 | 4,458,000 | 4,379,000 | 4,244,000 |
| Risk-weighted assets | 25,364,000 | 24,665,000 | 24,712,000 | 25,254,000 |
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