Call reports 2022
FIRST FARMERS AND MERCHANTS BANK — 2022
What FIRST FARMERS AND MERCHANTS BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 2,141,737,000 | 2,009,997,000 | 1,939,121,000 | 1,939,730,000 |
| Total loans | 892,040,000 | 942,345,000 | 952,432,000 | 966,167,000 |
| Allowance for loan losses | 9,388,000 | 9,386,000 | 9,383,000 | 9,382,000 |
| Securities available for sale | 926,944,000 | 885,129,000 | 825,293,000 | 810,591,000 |
| Securities held to maturity | 15,118,000 | 15,108,000 | 15,098,000 | 15,087,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,998,261,000 | 1,880,698,000 | 1,833,126,000 | 1,798,631,000 |
| Interest-bearing deposits | 1,331,321,000 | 1,333,666,000 | 1,285,107,000 | 1,264,154,000 |
| Noninterest-bearing deposits | 666,940,000 | 547,032,000 | 548,019,000 | 534,477,000 |
| Equity capital | 124,230,000 | 109,175,000 | 84,852,000 | 96,604,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 11,543,000 | 23,804,000 | 37,166,000 | 51,500,000 |
| Interest expense | 372,000 | 877,000 | 1,687,000 | 3,240,000 |
| Net interest income | 11,171,000 | 22,927,000 | 35,479,000 | 48,260,000 |
| Noninterest income | 3,412,000 | 6,986,000 | 10,429,000 | 13,850,000 |
| Noninterest expense | 10,307,000 | 19,948,000 | 29,930,000 | 39,748,000 |
| Provision for loan losses | -320,000 | -320,000 | -320,000 | -320,000 |
| Pretax income | 4,596,000 | 10,285,000 | 16,298,000 | 22,677,000 |
| Income tax | 797,000 | 1,849,000 | 2,965,000 | 4,217,000 |
| Net income | 3,799,000 | 8,428,000 | 13,325,000 | 18,444,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 156,445,000 | 159,963,000 | 163,445,000 | 166,675,000 |
| Total capital | 165,833,000 | 169,349,000 | 172,828,000 | 176,057,000 |
| Risk-weighted assets | 1,102,185,000 | 1,108,537,000 | 1,129,391,000 | 1,140,788,000 |