Call reports 2008
FIRST FARMERS & MERCHANTS STATE BANK — 2008
What FIRST FARMERS & MERCHANTS STATE BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 69,791,000 | 72,297,000 | 73,517,000 | 73,012,000 |
| Total loans | 46,217,000 | 52,012,000 | 52,731,000 | 51,606,000 |
| Allowance for loan losses | 597,000 | 658,000 | 467,000 | 535,000 |
| Securities available for sale | 19,659,000 | 16,994,000 | 17,134,000 | 16,496,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 56,484,000 | 56,665,000 | 59,054,000 | 61,626,000 |
| Interest-bearing deposits | 48,575,000 | 48,780,000 | 51,921,000 | 52,719,000 |
| Noninterest-bearing deposits | 7,909,000 | 7,885,000 | 7,132,000 | 8,908,000 |
| Equity capital | 10,518,000 | 9,912,000 | 10,108,000 | 10,661,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 1,058,000 | 2,068,000 | 3,118,000 | 4,129,000 |
| Interest expense | 368,000 | 731,000 | 1,083,000 | 1,433,000 |
| Net interest income | 690,000 | 1,337,000 | 2,035,000 | 2,696,000 |
| Noninterest income | 92,000 | 220,000 | 323,000 | 448,000 |
| Noninterest expense | 555,000 | 1,163,000 | 1,775,000 | 2,402,000 |
| Provision for loan losses | 12,000 | 72,000 | 132,000 | 192,000 |
| Pretax income | 215,000 | 338,000 | 467,000 | 566,000 |
| Income tax | 0 | 1,000 | 1,000 | 1,000 |
| Net income | 215,000 | 337,000 | 466,000 | 565,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,659,000 | 9,685,000 | 9,718,000 | 9,886,000 |
| Total capital | 10,256,000 | 10,343,000 | 10,185,000 | 10,421,000 |
| Risk-weighted assets | 52,933,000 | 57,183,000 | 58,438,000 | 58,887,000 |