Call reports 2008
FIRST FARMERS NATIONAL BANK OF WAURIKA, THE — 2008
What FIRST FARMERS NATIONAL BANK OF WAURIKA, THE reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 40,979,000 | 39,661,000 | 39,976,000 | 43,546,000 |
| Total loans | 17,124,000 | 14,963,000 | 14,592,000 | 17,244,000 |
| Allowance for loan losses | 1,003,000 | 1,001,000 | 1,001,000 | 1,000,000 |
| Securities available for sale | 20,778,000 | 20,825,000 | 21,651,000 | 23,444,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 29,790,000 | 29,977,000 | 30,409,000 | 31,200,000 |
| Interest-bearing deposits | 25,695,000 | 25,749,000 | 26,006,000 | 26,066,000 |
| Noninterest-bearing deposits | 4,095,000 | 4,228,000 | 4,403,000 | 5,134,000 |
| Equity capital | 8,527,000 | 8,082,000 | 8,475,000 | 8,340,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 758,000 | 1,529,000 | 2,285,000 | 3,035,000 |
| Interest expense | 245,000 | 448,000 | 629,000 | 787,000 |
| Net interest income | 513,000 | 1,081,000 | 1,656,000 | 2,248,000 |
| Noninterest income | 27,000 | 59,000 | 89,000 | 119,000 |
| Noninterest expense | 255,000 | 513,000 | 777,000 | 1,289,000 |
| Provision for loan losses | -29,000 | -29,000 | -18,000 | 28,000 |
| Pretax income | 304,000 | 654,000 | 1,018,000 | 1,077,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 304,000 | 654,000 | 1,018,000 | 1,077,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,765,000 | 8,115,000 | 8,278,000 | 7,716,000 |
| Total capital | 7,993,000 | 8,335,000 | 8,487,000 | 7,964,000 |
| Risk-weighted assets | 17,451,000 | 16,784,000 | 15,927,000 | 19,115,000 |