Call reports 2003
FIRST FARMERS & MERCHANTS STATE BANK — 2003
What FIRST FARMERS & MERCHANTS STATE BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 65,871,000 | 65,342,000 | 62,310,000 | 63,157,000 |
| Total loans | 50,012,000 | 49,957,000 | 47,012,000 | 46,540,000 |
| Allowance for loan losses | 175,000 | 171,000 | 174,000 | 174,000 |
| Securities available for sale | 10,742,000 | 10,321,000 | 8,349,000 | 12,626,000 |
| Securities held to maturity | 1,000,000 | 1,000,000 | 1,000,000 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 50,770,000 | 50,704,000 | 50,519,000 | 49,750,000 |
| Interest-bearing deposits | 44,861,000 | 45,348,000 | 44,810,000 | 43,604,000 |
| Noninterest-bearing deposits | 5,909,000 | 5,356,000 | 5,710,000 | 6,146,000 |
| Equity capital | 7,385,000 | 7,448,000 | 7,431,000 | 7,324,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 1,002,000 | 2,008,000 | 2,981,000 | 3,880,000 |
| Interest expense | 273,000 | 522,000 | 745,000 | 942,000 |
| Net interest income | 729,000 | 1,486,000 | 2,236,000 | 2,938,000 |
| Noninterest income | 125,000 | 280,000 | 455,000 | 620,000 |
| Noninterest expense | 551,000 | 1,136,000 | 1,748,000 | 2,339,000 |
| Provision for loan losses | 0 | 0 | 5,000 | 5,000 |
| Pretax income | 303,000 | 638,000 | 946,000 | 1,222,000 |
| Income tax | 122,000 | 255,000 | 376,000 | 487,000 |
| Net income | 181,000 | 383,000 | 570,000 | 735,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,242,000 | 6,384,000 | 6,502,000 | 6,467,000 |
| Total capital | 6,417,000 | 6,555,000 | 6,676,000 | 6,641,000 |
| Risk-weighted assets | 53,912,000 | 55,065,000 | 53,060,000 | 53,488,000 |
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