Call reports 2008
FIRST FARMERS & MERCHANTS NATIONAL BANK — 2008
What FIRST FARMERS & MERCHANTS NATIONAL 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 | 125,263,000 | 126,122,000 | 123,143,000 | 130,145,000 |
| Total loans | 90,783,000 | 96,130,000 | 95,750,000 | 97,223,000 |
| Allowance for loan losses | 1,006,000 | 1,066,000 | 850,000 | 951,000 |
| Securities available for sale | 23,613,000 | 22,605,000 | 21,648,000 | 22,481,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 98,157,000 | 99,460,000 | 93,870,000 | 101,089,000 |
| Interest-bearing deposits | 75,542,000 | 76,974,000 | 73,651,000 | 78,736,000 |
| Noninterest-bearing deposits | 22,615,000 | 22,486,000 | 20,219,000 | 22,353,000 |
| Equity capital | 16,981,000 | 15,738,000 | 16,216,000 | 17,006,000 |
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 | 1,804,000 | 3,579,000 | 5,390,000 | 7,163,000 |
| Interest expense | 583,000 | 1,120,000 | 1,603,000 | 2,037,000 |
| Net interest income | 1,221,000 | 2,459,000 | 3,787,000 | 5,126,000 |
| Noninterest income | 579,000 | 1,132,000 | 1,670,000 | 2,225,000 |
| Noninterest expense | 1,168,000 | 2,366,000 | 3,583,000 | 4,850,000 |
| Provision for loan losses | 0 | 60,000 | 135,000 | 225,000 |
| Pretax income | 632,000 | 1,165,000 | 1,739,000 | 2,276,000 |
| Income tax | 0 | 1,000 | 1,000 | 2,000 |
| Net income | 632,000 | 1,164,000 | 1,738,000 | 2,274,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,476,000 | 15,690,000 | 16,078,000 | 16,461,000 |
| Total capital | 17,482,000 | 16,756,000 | 16,928,000 | 17,412,000 |
| Risk-weighted assets | 97,479,000 | 102,047,000 | 102,296,000 | 105,189,000 |
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