Call reports 2024
FIRST FARMERS AND MERCHANTS BANK — 2024
What FIRST FARMERS AND MERCHANTS 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 | 1,881,961,000 | 1,852,294,000 | 1,852,832,000 | 1,763,096,000 |
| Total loans | 1,017,677,000 | 1,053,814,000 | 1,031,263,000 | 998,818,000 |
| Allowance for loan losses | 7,803,000 | 8,064,000 | 8,049,000 | 7,952,000 |
| Securities available for sale | 669,552,000 | 644,451,000 | 633,734,000 | 588,523,000 |
| Securities held to maturity | 15,038,000 | 16,178,000 | 15,869,000 | 24,541,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,567,086,000 | 1,524,081,000 | 1,603,675,000 | 1,603,624,000 |
| Interest-bearing deposits | 1,067,107,000 | 1,058,366,000 | 1,139,984,000 | 1,121,223,000 |
| Noninterest-bearing deposits | 499,979,000 | 465,715,000 | 463,691,000 | 482,401,000 |
| Equity capital | 124,776,000 | 126,388,000 | 145,767,000 | 138,288,000 |
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 | 16,885,000 | 33,933,000 | 51,547,000 | 68,432,000 |
| Interest expense | 6,169,000 | 12,193,000 | 18,387,000 | 23,070,000 |
| Net interest income | 10,716,000 | 21,740,000 | 33,160,000 | 45,362,000 |
| Noninterest income | 3,287,000 | 6,738,000 | 10,126,000 | 13,499,000 |
| Noninterest expense | 9,704,000 | 19,349,000 | 29,195,000 | 39,023,000 |
| Provision for loan losses | 150,000 | 410,000 | 415,000 | 215,000 |
| Pretax income | 4,234,000 | 9,004,000 | 13,940,000 | 19,972,000 |
| Income tax | 758,000 | 1,594,000 | 2,452,000 | 3,417,000 |
| Net income | 3,476,000 | 7,402,000 | 11,480,000 | 16,539,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 178,329,000 | 179,631,000 | 181,967,000 | 184,439,000 |
| Total capital | 186,951,000 | 188,314,000 | 190,630,000 | 192,920,000 |
| Risk-weighted assets | 1,158,580,000 | 1,192,131,000 | 1,159,430,000 | 1,123,819,000 |