Call reports 2023
FIRST FARMERS AND MERCHANTS BANK — 2023
What FIRST FARMERS AND MERCHANTS 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 | 1,911,379,000 | 1,876,678,000 | 1,866,657,000 | 1,869,436,000 |
| Total loans | 972,093,000 | 964,822,000 | 1,004,066,000 | 1,019,336,000 |
| Allowance for loan losses | 8,497,000 | 8,200,000 | 7,871,000 | 7,666,000 |
| Securities available for sale | 786,430,000 | 744,963,000 | 696,505,000 | 692,763,000 |
| Securities held to maturity | 15,077,000 | 15,067,000 | 15,057,000 | 15,047,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,776,990,000 | 1,657,590,000 | 1,674,675,000 | 1,618,567,000 |
| Interest-bearing deposits | 1,282,515,000 | 1,164,358,000 | 1,191,315,000 | 1,154,706,000 |
| Noninterest-bearing deposits | 494,475,000 | 493,232,000 | 483,360,000 | 463,861,000 |
| Equity capital | 110,118,000 | 108,443,000 | 99,369,000 | 124,735,000 |
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 | 14,484,000 | 29,606,000 | 45,015,000 | 61,254,000 |
| Interest expense | 2,189,000 | 5,112,000 | 10,347,000 | 16,397,000 |
| Net interest income | 12,295,000 | 24,494,000 | 34,668,000 | 44,857,000 |
| Noninterest income | 3,206,000 | 6,500,000 | 9,828,000 | 13,397,000 |
| Noninterest expense | 9,927,000 | 19,145,000 | 28,496,000 | 38,030,000 |
| Provision for loan losses | -165,000 | -460,000 | -795,000 | -975,000 |
| Pretax income | 5,391,000 | 11,792,000 | 15,943,000 | 20,397,000 |
| Income tax | 894,000 | 2,106,000 | 2,781,000 | 3,402,000 |
| Net income | 4,497,000 | 9,678,000 | 13,154,000 | 16,979,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 170,022,000 | 173,034,000 | 174,122,000 | 176,561,000 |
| Total capital | 179,103,000 | 181,853,000 | 182,947,000 | 185,131,000 |
| Risk-weighted assets | 1,131,283,000 | 1,129,084,000 | 1,172,386,000 | 1,175,689,000 |