Call reports 2007
INDEPENDENT FARMERS BANK — 2007
What INDEPENDENT FARMERS BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 75,161,000 | 74,896,000 | 74,662,000 | 79,780,000 |
| Total loans | 50,432,000 | 50,727,000 | 51,534,000 | 51,553,000 |
| Allowance for loan losses | 539,000 | 549,000 | 560,000 | 575,000 |
| Securities available for sale | 18,662,000 | 19,589,000 | 19,209,000 | 19,382,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 64,430,000 | 64,139,000 | 63,009,000 | 67,686,000 |
| Interest-bearing deposits | 57,970,000 | 57,583,000 | 56,157,000 | 59,895,000 |
| Noninterest-bearing deposits | 6,460,000 | 6,556,000 | 6,852,000 | 7,791,000 |
| Equity capital | 5,920,000 | 6,024,000 | 6,498,000 | 6,414,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 1,252,000 | 2,544,000 | 3,837,000 | 5,167,000 |
| Interest expense | 563,000 | 1,116,000 | 1,646,000 | 2,194,000 |
| Net interest income | 689,000 | 1,428,000 | 2,191,000 | 2,973,000 |
| Noninterest income | 88,000 | 190,000 | 295,000 | 379,000 |
| Noninterest expense | 458,000 | 895,000 | 1,356,000 | 1,786,000 |
| Provision for loan losses | 22,000 | 29,000 | 47,000 | 87,000 |
| Pretax income | 297,000 | 694,000 | 1,083,000 | 1,476,000 |
| Income tax | 85,000 | 213,000 | 335,000 | 460,000 |
| Net income | 212,000 | 481,000 | 748,000 | 1,016,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,920,000 | 6,189,000 | 6,456,000 | 6,185,000 |
| Total capital | 6,459,000 | 6,738,000 | 7,016,000 | 6,760,000 |
| Risk-weighted assets | 52,480,000 | 53,041,000 | 53,571,000 | 54,361,000 |
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