Call reports 2010
INDEPENDENT FARMERS BANK — 2010
What INDEPENDENT FARMERS BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 84,186,000 | 84,504,000 | 85,782,000 | 91,658,000 |
| Total loans | 48,862,000 | 49,176,000 | 49,782,000 | 47,899,000 |
| Allowance for loan losses | 759,000 | 695,000 | 809,000 | 780,000 |
| Securities available for sale | 27,139,000 | 29,990,000 | 31,703,000 | 38,773,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 70,840,000 | 71,086,000 | 70,910,000 | 77,439,000 |
| Interest-bearing deposits | 61,479,000 | 62,099,000 | 61,337,000 | 66,885,000 |
| Noninterest-bearing deposits | 9,361,000 | 8,987,000 | 9,573,000 | 10,554,000 |
| Equity capital | 7,569,000 | 7,833,000 | 8,590,000 | 7,001,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 1,084,000 | 2,189,000 | 3,316,000 | 4,434,000 |
| Interest expense | 300,000 | 581,000 | 849,000 | 1,104,000 |
| Net interest income | 784,000 | 1,608,000 | 2,467,000 | 3,330,000 |
| Noninterest income | 80,000 | 165,000 | 245,000 | 326,000 |
| Noninterest expense | 565,000 | 1,123,000 | 1,704,000 | 2,353,000 |
| Provision for loan losses | 29,000 | 100,000 | 247,000 | 318,000 |
| Pretax income | 271,000 | 554,000 | 765,000 | 1,224,000 |
| Income tax | 66,000 | 136,000 | 152,000 | 320,000 |
| Net income | 205,000 | 418,000 | 613,000 | 904,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,247,000 | 7,460,000 | 7,655,000 | 7,407,000 |
| Total capital | 7,929,000 | 8,150,000 | 8,346,000 | 8,100,000 |
| Risk-weighted assets | 53,748,000 | 54,460,000 | 55,178,000 | 55,405,000 |