Call reports 2007
FIRST FARMERS & MERCHANTS STATE BANK — 2007
What FIRST FARMERS & MERCHANTS STATE BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 63,055,000 | 63,033,000 | 61,934,000 | 65,635,000 |
| Total loans | 45,450,000 | 44,970,000 | 45,791,000 | 46,522,000 |
| Allowance for loan losses | 644,000 | 642,000 | 579,000 | 587,000 |
| Securities available for sale | 13,478,000 | 14,604,000 | 12,850,000 | 15,348,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 51,357,000 | 50,772,000 | 49,650,000 | 52,629,000 |
| Interest-bearing deposits | 44,232,000 | 43,326,000 | 42,271,000 | 44,756,000 |
| Noninterest-bearing deposits | 7,125,000 | 7,446,000 | 7,379,000 | 7,874,000 |
| Equity capital | 8,883,000 | 9,042,000 | 9,491,000 | 9,991,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 1,082,000 | 2,214,000 | 3,339,000 | 4,447,000 |
| Interest expense | 342,000 | 691,000 | 1,032,000 | 1,386,000 |
| Net interest income | 740,000 | 1,523,000 | 2,307,000 | 3,061,000 |
| Noninterest income | 105,000 | 238,000 | 365,000 | 457,000 |
| Noninterest expense | 515,000 | 1,066,000 | 1,602,000 | 2,129,000 |
| Provision for loan losses | 6,000 | 12,000 | 18,000 | 24,000 |
| Pretax income | 324,000 | 683,000 | 1,052,000 | 1,365,000 |
| Income tax | 1,000 | 1,000 | 1,000 | 1,000 |
| Net income | 323,000 | 682,000 | 1,051,000 | 1,364,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,689,000 | 9,010,000 | 9,261,000 | 9,527,000 |
| Total capital | 9,333,000 | 9,652,000 | 9,840,000 | 10,114,000 |
| Risk-weighted assets | 51,559,000 | 51,189,000 | 51,889,000 | 53,233,000 |