Call reports 2008
INDEPENDENT FARMERS BANK — 2008
What INDEPENDENT FARMERS 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 | 81,067,000 | 82,698,000 | 81,477,000 | 83,565,000 |
| Total loans | 49,389,000 | 50,413,000 | 51,027,000 | 49,937,000 |
| Allowance for loan losses | 577,000 | 589,000 | 602,000 | 649,000 |
| Securities available for sale | 25,545,000 | 26,532,000 | 25,727,000 | 27,496,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 67,950,000 | 66,400,000 | 65,503,000 | 70,108,000 |
| Interest-bearing deposits | 60,395,000 | 59,072,000 | 57,853,000 | 62,237,000 |
| Noninterest-bearing deposits | 7,555,000 | 7,328,000 | 7,650,000 | 7,871,000 |
| Equity capital | 6,772,000 | 6,669,000 | 6,730,000 | 6,611,000 |
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 | 1,311,000 | 2,611,000 | 3,875,000 | 5,084,000 |
| Interest expense | 551,000 | 1,077,000 | 1,570,000 | 2,032,000 |
| Net interest income | 760,000 | 1,534,000 | 2,305,000 | 3,052,000 |
| Noninterest income | 79,000 | 162,000 | 261,000 | 336,000 |
| Noninterest expense | 474,000 | 957,000 | 1,471,000 | 1,939,000 |
| Provision for loan losses | 3,000 | 162,000 | 173,000 | 243,000 |
| Pretax income | 362,000 | 615,000 | 971,000 | 1,263,000 |
| Income tax | 109,000 | 171,000 | 260,000 | 320,000 |
| Net income | 253,000 | 444,000 | 711,000 | 943,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,438,000 | 6,629,000 | 6,896,000 | 6,689,000 |
| Total capital | 7,015,000 | 7,218,000 | 7,498,000 | 7,338,000 |
| Risk-weighted assets | 52,367,000 | 54,211,000 | 54,578,000 | 54,074,000 |
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