Call reports 2014
FIRST FARMERS & MERCHANTS STATE BANK — 2014
What FIRST FARMERS & MERCHANTS STATE BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 90,470,000 | 89,211,000 | 86,802,000 | 85,356,000 |
| Total loans | 52,702,000 | 55,350,000 | 55,452,000 | 55,864,000 |
| Allowance for loan losses | 531,000 | 561,000 | 590,000 | 609,000 |
| Securities available for sale | 28,901,000 | 27,807,000 | 25,656,000 | 23,511,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 72,640,000 | 68,971,000 | 65,985,000 | 68,053,000 |
| Interest-bearing deposits | 60,908,000 | 58,173,000 | 55,162,000 | 56,585,000 |
| Noninterest-bearing deposits | 11,731,000 | 10,798,000 | 10,823,000 | 11,468,000 |
| Equity capital | 11,905,000 | 11,980,000 | 12,051,000 | 12,080,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 854,000 | 1,709,000 | 2,591,000 | 3,455,000 |
| Interest expense | 63,000 | 122,000 | 185,000 | 247,000 |
| Net interest income | 791,000 | 1,587,000 | 2,406,000 | 3,208,000 |
| Noninterest income | 75,000 | 147,000 | 225,000 | 308,000 |
| Noninterest expense | 552,000 | 1,100,000 | 1,678,000 | 2,262,000 |
| Provision for loan losses | 30,000 | 60,000 | 90,000 | 120,000 |
| Pretax income | 284,000 | 574,000 | 863,000 | 1,134,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 284,000 | 574,000 | 863,000 | 1,134,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,773,000 | 10,878,000 | 11,025,000 | 11,142,000 |
| Total capital | 11,304,000 | 11,439,000 | 11,615,000 | 11,751,000 |
| Risk-weighted assets | 61,753,000 | 64,632,000 | 64,325,000 | 64,312,000 |