Call reports 2020
FIRST FARMERS AND MERCHANTS BANK — 2020
What FIRST FARMERS AND MERCHANTS 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 | 1,435,927,000 | 1,606,492,000 | 1,716,443,000 | 1,800,117,000 |
| Total loans | 954,662,000 | 996,847,000 | 997,308,000 | 968,374,000 |
| Allowance for loan losses | 9,485,000 | 9,695,000 | 9,712,000 | 9,715,000 |
| Securities available for sale | 319,765,000 | 372,480,000 | 473,268,000 | 594,649,000 |
| Securities held to maturity | 17,594,000 | 17,583,000 | 17,271,000 | 17,259,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,256,624,000 | 1,416,647,000 | 1,526,447,000 | 1,608,478,000 |
| Interest-bearing deposits | 1,042,930,000 | 981,594,000 | 1,123,080,000 | 1,181,101,000 |
| Noninterest-bearing deposits | 213,694,000 | 435,053,000 | 403,367,000 | 427,377,000 |
| Equity capital | 150,615,000 | 155,040,000 | 157,660,000 | 159,930,000 |
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 | 12,179,000 | 24,023,000 | 35,874,000 | 47,653,000 |
| Interest expense | 1,295,000 | 2,130,000 | 2,939,000 | 3,794,000 |
| Net interest income | 10,884,000 | 21,893,000 | 32,935,000 | 43,859,000 |
| Noninterest income | 3,672,000 | 7,080,000 | 10,390,000 | 13,746,000 |
| Noninterest expense | 10,404,000 | 19,933,000 | 29,653,000 | 39,818,000 |
| Provision for loan losses | 515,000 | 700,000 | 700,000 | 700,000 |
| Pretax income | 3,766,000 | 8,469,000 | 13,101,000 | 17,216,000 |
| Income tax | 451,000 | 1,274,000 | 2,102,000 | 2,785,000 |
| Net income | 3,315,000 | 7,187,000 | 10,991,000 | 14,415,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 135,017,000 | 137,973,000 | 140,862,000 | 143,371,000 |
| Total capital | 144,502,000 | 147,668,000 | 150,574,000 | 153,086,000 |
| Risk-weighted assets | 975,868,000 | 949,857,000 | 967,598,000 | 978,769,000 |