Call reports 2018
FIRST FARMERS & MERCHANTS STATE BANK — 2018
What FIRST FARMERS & MERCHANTS STATE BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 80,358,000 | 77,403,000 | 73,326,000 | 76,568,000 |
| Total loans | 52,111,000 | 53,120,000 | 53,200,000 | 55,775,000 |
| Allowance for loan losses | 679,000 | 680,000 | 682,000 | 681,000 |
| Securities available for sale | 19,027,000 | 17,944,000 | 16,887,000 | 14,924,000 |
| Securities held to maturity | 512,000 | 512,000 | 512,000 | 512,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 66,814,000 | 63,894,000 | 58,118,000 | 62,610,000 |
| Interest-bearing deposits | 56,992,000 | 53,906,000 | 49,654,000 | 51,819,000 |
| Noninterest-bearing deposits | 9,822,000 | 9,988,000 | 8,464,000 | 10,791,000 |
| Equity capital | 13,017,000 | 13,006,000 | 13,154,000 | 13,429,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 830,000 | 1,674,000 | 2,529,000 | 3,416,000 |
| Interest expense | 31,000 | 62,000 | 109,000 | 162,000 |
| Net interest income | 799,000 | 1,612,000 | 2,420,000 | 3,254,000 |
| Noninterest income | 71,000 | 140,000 | 207,000 | 273,000 |
| Noninterest expense | 588,000 | 1,157,000 | 1,750,000 | 2,318,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 282,000 | 595,000 | 877,000 | 1,209,000 |
| Income tax | 0 | 0 | 0 | 1,000 |
| Net income | 282,000 | 595,000 | 877,000 | 1,208,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,922,000 | 12,953,000 | 13,121,000 | 13,324,000 |
| Total capital | 13,601,000 | 13,633,000 | 13,803,000 | 14,005,000 |
| Risk-weighted assets | 59,491,000 | 61,230,000 | 60,755,000 | 64,489,000 |