Call reports 2023
FIRST FARMERS & MERCHANTS STATE BANK — 2023
What FIRST FARMERS & MERCHANTS STATE BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 96,254,000 | 97,404,000 | 97,367,000 | 102,614,000 |
| Total loans | 70,363,000 | 70,894,000 | 70,557,000 | 76,276,000 |
| Allowance for loan losses | 737,000 | 729,000 | 727,000 | 727,000 |
| Securities available for sale | 22,552,000 | 22,225,000 | 22,167,000 | 22,864,000 |
| Securities held to maturity | 23,000 | 23,000 | 23,000 | 23,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 83,586,000 | 82,535,000 | 82,522,000 | 77,783,000 |
| Interest-bearing deposits | 67,560,000 | 67,318,000 | 68,414,000 | 62,764,000 |
| Noninterest-bearing deposits | 16,026,000 | 15,217,000 | 14,108,000 | 15,019,000 |
| Equity capital | 6,918,000 | 6,810,000 | 6,782,000 | 8,338,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 998,000 | 2,063,000 | 3,171,000 | 4,323,000 |
| Interest expense | 178,000 | 395,000 | 659,000 | 978,000 |
| Net interest income | 820,000 | 1,668,000 | 2,512,000 | 3,345,000 |
| Noninterest income | 67,000 | 139,000 | 204,000 | 271,000 |
| Noninterest expense | 570,000 | 1,141,000 | 1,748,000 | 2,334,000 |
| Provision for loan losses | 0 | -5,000 | -5,000 | -5,000 |
| Pretax income | 317,000 | 666,000 | 968,000 | 1,282,000 |
| Income tax | 0 | 0 | 0 | -748,000 |
| Net income | 317,000 | 666,000 | 968,000 | 2,030,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,957,000 | 9,180,000 | 9,214,000 | 10,276,000 |
| Total capital | 9,694,000 | 9,914,000 | 9,946,000 | 11,008,000 |
| Risk-weighted assets | 81,326,000 | 82,202,000 | 81,562,000 | 87,090,000 |