Call reports 2008
MERCHANTS AND FARMERS BANK — 2008
What MERCHANTS AND FARMERS BANK 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 | 9,258,000 | 9,042,000 | 8,914,000 | 9,308,000 |
| Total loans | 2,812,000 | 2,667,000 | 2,667,000 | 3,813,000 |
| Allowance for loan losses | 77,000 | 78,000 | 67,000 | 88,000 |
| Securities available for sale | 28,000 | 26,000 | 26,000 | 23,000 |
| Securities held to maturity | 2,217,000 | 1,717,000 | 2,265,000 | 1,462,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 8,042,000 | 7,836,000 | 7,697,000 | 8,142,000 |
| Interest-bearing deposits | 4,771,000 | 4,773,000 | 4,600,000 | 4,814,000 |
| Noninterest-bearing deposits | 3,271,000 | 3,063,000 | 3,097,000 | 3,328,000 |
| Equity capital | 1,143,000 | 1,146,000 | 1,146,000 | 1,104,000 |
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 | 117,000 | 231,000 | 339,000 | 431,000 |
| Interest expense | 27,000 | 56,000 | 82,000 | 108,000 |
| Net interest income | 90,000 | 175,000 | 257,000 | 323,000 |
| Noninterest income | 18,000 | 37,000 | 59,000 | 80,000 |
| Noninterest expense | 93,000 | 189,000 | 289,000 | 420,000 |
| Provision for loan losses | 5,000 | 8,000 | 14,000 | 18,000 |
| Pretax income | 10,000 | 15,000 | 13,000 | -31,000 |
| Income tax | 1,000 | 2,000 | 2,000 | -4,000 |
| Net income | 9,000 | 13,000 | 11,000 | -27,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,142,000 | 1,146,000 | 1,145,000 | 1,104,000 |
| Total capital | 1,184,000 | 1,187,000 | 1,185,000 | 1,141,000 |
| Risk-weighted assets | 3,327,000 | 3,228,000 | 3,176,000 | 2,942,000 |