Call reports 2021
FIRST FARMERS & MERCHANTS STATE BANK — 2021
What FIRST FARMERS & MERCHANTS STATE BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 95,601,000 | 91,916,000 | 95,684,000 | 89,837,000 |
| Total loans | 60,954,000 | 59,106,000 | 58,198,000 | 59,689,000 |
| Allowance for loan losses | 977,000 | 765,000 | 778,000 | 790,000 |
| Securities available for sale | 21,818,000 | 21,839,000 | 22,868,000 | 26,573,000 |
| Securities held to maturity | 126,000 | 126,000 | 126,000 | 126,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 80,930,000 | 77,163,000 | 80,498,000 | 74,285,000 |
| Interest-bearing deposits | 65,587,000 | 62,840,000 | 65,804,000 | 60,273,000 |
| Noninterest-bearing deposits | 15,343,000 | 14,323,000 | 14,694,000 | 14,012,000 |
| Equity capital | 14,250,000 | 14,430,000 | 14,857,000 | 14,793,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 738,000 | 1,597,000 | 2,542,000 | 3,309,000 |
| Interest expense | 29,000 | 55,000 | 81,000 | 106,000 |
| Net interest income | 709,000 | 1,542,000 | 2,461,000 | 3,203,000 |
| Noninterest income | 63,000 | 126,000 | 202,000 | 308,000 |
| Noninterest expense | 509,000 | 1,076,000 | 1,610,000 | 2,112,000 |
| Provision for loan losses | 14,000 | 27,000 | 41,000 | 54,000 |
| Pretax income | 249,000 | 565,000 | 1,012,000 | 1,345,000 |
| Income tax | 0 | 0 | 0 | 1,000 |
| Net income | 249,000 | 565,000 | 1,012,000 | 1,344,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,018,000 | 14,180,000 | 14,589,000 | 14,795,000 |
| Total capital | 14,892,000 | 14,945,000 | 15,367,000 | 15,585,000 |
| Risk-weighted assets | 69,809,000 | 69,091,000 | 71,085,000 | 73,633,000 |