Call reports 2024
FIRST FARMERS & MERCHANTS STATE BANK — 2024
What FIRST FARMERS & MERCHANTS STATE BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 103,865,000 | 102,762,000 | 102,934,000 | 98,611,000 |
| Total loans | 75,520,000 | 75,952,000 | 72,756,000 | 75,236,000 |
| Allowance for loan losses | 722,000 | 723,000 | 708,000 | 820,000 |
| Securities available for sale | 22,832,000 | 22,999,000 | 21,618,000 | 18,455,000 |
| Securities held to maturity | 0 | 0 | 575,000 | 575,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 78,881,000 | 71,579,000 | 76,900,000 | 76,939,000 |
| Interest-bearing deposits | 64,380,000 | 58,966,000 | 63,865,000 | 64,016,000 |
| Noninterest-bearing deposits | 14,501,000 | 12,613,000 | 13,035,000 | 12,923,000 |
| Equity capital | 8,272,000 | 8,389,000 | 8,802,000 | 8,760,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 1,242,000 | 2,503,000 | 3,773,000 | 5,052,000 |
| Interest expense | 400,000 | 831,000 | 1,308,000 | 1,727,000 |
| Net interest income | 842,000 | 1,672,000 | 2,465,000 | 3,325,000 |
| Noninterest income | 125,000 | 196,000 | 265,000 | 337,000 |
| Noninterest expense | 649,000 | 1,307,000 | 1,946,000 | 2,515,000 |
| Provision for loan losses | 0 | 0 | 0 | 120,000 |
| Pretax income | 318,000 | 561,000 | 784,000 | 1,022,000 |
| Income tax | 156,000 | 292,000 | 421,000 | 364,000 |
| Net income | 162,000 | 269,000 | 363,000 | 658,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,238,000 | 10,245,000 | 10,239,000 | 10,234,000 |
| Total capital | 10,965,000 | 10,973,000 | 10,952,000 | 11,064,000 |
| Risk-weighted assets | 86,860,000 | 87,018,000 | 83,910,000 | 85,910,000 |