Call reports 2010
FIRST FARMERS & MERCHANTS STATE BANK — 2010
What FIRST FARMERS & MERCHANTS STATE BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 77,823,000 | 77,112,000 | 77,596,000 | 79,938,000 |
| Total loans | 48,958,000 | 48,845,000 | 47,930,000 | 49,974,000 |
| Allowance for loan losses | 623,000 | 657,000 | 608,000 | 693,000 |
| Securities available for sale | 25,414,000 | 24,923,000 | 25,388,000 | 25,683,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 65,285,000 | 64,194,000 | 64,582,000 | 66,850,000 |
| Interest-bearing deposits | 56,308,000 | 55,754,000 | 56,106,000 | 56,287,000 |
| Noninterest-bearing deposits | 8,977,000 | 8,440,000 | 8,476,000 | 10,564,000 |
| Equity capital | 11,316,000 | 12,012,000 | 12,505,000 | 9,941,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 938,000 | 1,884,000 | 2,814,000 | 3,736,000 |
| Interest expense | 184,000 | 356,000 | 520,000 | 671,000 |
| Net interest income | 754,000 | 1,528,000 | 2,294,000 | 3,065,000 |
| Noninterest income | 101,000 | 167,000 | 262,000 | 321,000 |
| Noninterest expense | 541,000 | 1,084,000 | 1,628,000 | 2,191,000 |
| Provision for loan losses | 45,000 | 90,000 | 353,000 | 437,000 |
| Pretax income | 269,000 | 521,000 | 733,000 | 916,000 |
| Income tax | 1,000 | 1,000 | 1,000 | 1,000 |
| Net income | 268,000 | 520,000 | 732,000 | 915,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,806,000 | 10,939,000 | 11,023,000 | 9,131,000 |
| Total capital | 11,429,000 | 11,596,000 | 11,631,000 | 9,824,000 |
| Risk-weighted assets | 57,440,000 | 56,510,000 | 55,766,000 | 58,124,000 |