Call reports 2020
FIRST FARMERS & MERCHANTS NATIONAL BANK — 2020
What FIRST FARMERS & MERCHANTS NATIONAL BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 190,314,000 | 199,159,000 | 203,927,000 | 214,041,000 |
| Total loans | 159,338,000 | 173,231,000 | 169,415,000 | 159,008,000 |
| Allowance for loan losses | 2,619,000 | 2,727,000 | 2,439,000 | 4,472,000 |
| Securities available for sale | 6,993,000 | 8,978,000 | 15,172,000 | 18,540,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 157,047,000 | 165,089,000 | 168,686,000 | 180,676,000 |
| Interest-bearing deposits | 131,264,000 | 136,454,000 | 137,825,000 | 142,406,000 |
| Noninterest-bearing deposits | 25,783,000 | 28,635,000 | 30,861,000 | 38,270,000 |
| Equity capital | 30,321,000 | 30,682,000 | 31,129,000 | 29,914,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 2,284,000 | 4,414,000 | 6,505,000 | 8,730,000 |
| Interest expense | 295,000 | 539,000 | 757,000 | 954,000 |
| Net interest income | 1,989,000 | 3,875,000 | 5,748,000 | 7,776,000 |
| Noninterest income | 100,000 | 193,000 | 292,000 | 456,000 |
| Noninterest expense | 1,196,000 | 2,329,000 | 3,419,000 | 4,502,000 |
| Provision for loan losses | 140,000 | 225,000 | 332,000 | 2,399,000 |
| Pretax income | 753,000 | 1,514,000 | 2,289,000 | 1,331,000 |
| Income tax | 1,000 | 1,000 | 2,000 | 2,000 |
| Net income | 752,000 | 1,513,000 | 2,287,000 | 1,329,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 30,271,000 | 30,595,000 | 31,091,000 | 29,963,000 |
| Total capital | 32,606,000 | 32,999,000 | 33,474,000 | 32,253,000 |
| Risk-weighted assets | 186,507,000 | 192,013,000 | 190,573,000 | 181,033,000 |