Call reports 2024
FIRST FARMERS & MERCHANTS NATIONAL BANK — 2024
What FIRST FARMERS & MERCHANTS NATIONAL BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 239,254,000 | 234,433,000 | 237,209,000 | 227,292,000 |
| Total loans | 165,414,000 | 167,031,000 | 164,289,000 | 169,325,000 |
| Allowance for loan losses | 2,146,000 | 2,226,000 | 2,226,000 | 2,043,000 |
| Securities available for sale | 47,121,000 | 49,335,000 | 47,335,000 | 46,721,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 197,652,000 | 192,794,000 | 194,456,000 | 199,508,000 |
| Interest-bearing deposits | 161,219,000 | 156,387,000 | 159,227,000 | 154,262,000 |
| Noninterest-bearing deposits | 36,433,000 | 36,407,000 | 35,229,000 | 45,246,000 |
| Equity capital | 21,148,000 | 21,560,000 | 22,308,000 | 22,811,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 2,838,000 | 5,822,000 | 8,831,000 | 11,826,000 |
| Interest expense | 918,000 | 1,893,000 | 2,922,000 | 3,881,000 |
| Net interest income | 1,920,000 | 3,929,000 | 5,909,000 | 7,945,000 |
| Noninterest income | 96,000 | 209,000 | 305,000 | 404,000 |
| Noninterest expense | 1,271,000 | 2,482,000 | 3,641,000 | 4,784,000 |
| Provision for loan losses | 0 | 0 | 0 | -184,000 |
| Pretax income | 745,000 | 1,656,000 | 2,573,000 | 3,760,000 |
| Income tax | 346,000 | 744,000 | 1,142,000 | 1,132,000 |
| Net income | 399,000 | 912,000 | 1,431,000 | 2,628,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 26,157,000 | 26,320,000 | 26,090,000 | 26,936,000 |
| Total capital | 28,311,000 | 28,554,000 | 28,324,000 | 29,047,000 |
| Risk-weighted assets | 188,250,000 | 190,132,000 | 190,325,000 | 192,310,000 |