Call reports 2020
FIRST FARMERS & MERCHANTS STATE BANK — 2020
What FIRST FARMERS & MERCHANTS STATE BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 78,436,000 | 84,338,000 | 87,187,000 | 87,281,000 |
| Total loans | 53,108,000 | 59,769,000 | 58,987,000 | 56,349,000 |
| Allowance for loan losses | 728,000 | 764,000 | 716,000 | 965,000 |
| Securities available for sale | 12,162,000 | 10,170,000 | 13,146,000 | 14,089,000 |
| Securities held to maturity | 329,000 | 329,000 | 196,000 | 196,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 63,613,000 | 69,285,000 | 72,060,000 | 72,471,000 |
| Interest-bearing deposits | 54,431,000 | 57,799,000 | 60,694,000 | 59,457,000 |
| Noninterest-bearing deposits | 9,182,000 | 11,486,000 | 11,366,000 | 13,014,000 |
| Equity capital | 14,382,000 | 14,460,000 | 14,512,000 | 14,282,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 802,000 | 1,563,000 | 2,343,000 | 3,152,000 |
| Interest expense | 55,000 | 102,000 | 150,000 | 188,000 |
| Net interest income | 747,000 | 1,461,000 | 2,193,000 | 2,964,000 |
| Noninterest income | 63,000 | 120,000 | 184,000 | 249,000 |
| Noninterest expense | 590,000 | 1,105,000 | 1,600,000 | 2,110,000 |
| Provision for loan losses | 120,000 | 155,000 | 200,000 | 633,000 |
| Pretax income | 100,000 | 321,000 | 577,000 | 470,000 |
| Income tax | 0 | 0 | 0 | 1,000 |
| Net income | 100,000 | 321,000 | 577,000 | 469,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,904,000 | 13,973,000 | 14,050,000 | 13,876,000 |
| Total capital | 14,632,000 | 14,737,000 | 14,766,000 | 14,706,000 |
| Risk-weighted assets | 63,237,000 | 67,956,000 | 67,980,000 | 66,267,000 |