Call reports 2007
MERCHANTS AND FARMERS BANK — 2007
What MERCHANTS AND FARMERS BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 8,964,000 | 8,575,000 | 8,784,000 | 8,405,000 |
| Total loans | 2,810,000 | 2,803,000 | 2,946,000 | 2,995,000 |
| Allowance for loan losses | 77,000 | 67,000 | 72,000 | 77,000 |
| Securities available for sale | 227,000 | 621,000 | 526,000 | 229,000 |
| Securities held to maturity | 2,124,000 | 1,923,000 | 2,018,000 | 1,920,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 7,768,000 | 7,373,000 | 7,565,000 | 7,200,000 |
| Interest-bearing deposits | 4,486,000 | 4,271,000 | 4,446,000 | 4,304,000 |
| Noninterest-bearing deposits | 3,282,000 | 3,102,000 | 3,119,000 | 2,896,000 |
| Equity capital | 1,126,000 | 1,136,000 | 1,137,000 | 1,137,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 120,000 | 245,000 | 363,000 | 479,000 |
| Interest expense | 27,000 | 55,000 | 82,000 | 109,000 |
| Net interest income | 93,000 | 190,000 | 281,000 | 370,000 |
| Noninterest income | 22,000 | 47,000 | 72,000 | 94,000 |
| Noninterest expense | 89,000 | 191,000 | 299,000 | 412,000 |
| Provision for loan losses | 2,000 | 6,000 | 12,000 | 16,000 |
| Pretax income | 24,000 | 40,000 | 42,000 | 36,000 |
| Income tax | 2,000 | 5,000 | 7,000 | 6,000 |
| Net income | 22,000 | 35,000 | 35,000 | 30,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,128,000 | 1,141,000 | 1,139,000 | 1,133,000 |
| Total capital | 1,205,000 | 1,198,000 | 1,196,000 | 1,176,000 |
| Risk-weighted assets | 6,561,000 | 4,528,000 | 4,505,000 | 3,421,000 |