Call reports 2018
FIRST FARMERS & MERCHANTS NATIONAL BANK — 2018
What FIRST FARMERS & MERCHANTS NATIONAL BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 174,829,000 | 170,908,000 | 170,847,000 | 180,953,000 |
| Total loans | 156,513,000 | 154,312,000 | 155,983,000 | 155,425,000 |
| Allowance for loan losses | 1,696,000 | 1,786,000 | 1,897,000 | 2,032,000 |
| Securities available for sale | 3,927,000 | 3,918,000 | 3,911,000 | 2,928,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 145,221,000 | 140,202,000 | 138,473,000 | 148,345,000 |
| Interest-bearing deposits | 117,227,000 | 114,060,000 | 113,698,000 | 117,251,000 |
| Noninterest-bearing deposits | 27,994,000 | 26,142,000 | 24,775,000 | 31,094,000 |
| Equity capital | 27,554,000 | 27,600,000 | 27,980,000 | 28,469,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 2,055,000 | 4,186,000 | 6,378,000 | 8,679,000 |
| Interest expense | 114,000 | 239,000 | 381,000 | 591,000 |
| Net interest income | 1,941,000 | 3,947,000 | 5,997,000 | 8,088,000 |
| Noninterest income | 141,000 | 284,000 | 428,000 | 560,000 |
| Noninterest expense | 1,088,000 | 2,203,000 | 3,312,000 | 4,392,000 |
| Provision for loan losses | 75,000 | 165,000 | 300,000 | 435,000 |
| Pretax income | 919,000 | 1,863,000 | 2,813,000 | 3,821,000 |
| Income tax | 0 | 2,000 | 3,000 | 4,000 |
| Net income | 919,000 | 1,861,000 | 2,810,000 | 3,817,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 27,605,000 | 27,657,000 | 28,041,000 | 28,510,000 |
| Total capital | 29,301,000 | 29,443,000 | 29,938,000 | 30,542,000 |
| Risk-weighted assets | 165,781,000 | 166,762,000 | 168,887,000 | 177,759,000 |