Call reports 2010
MERCHANTS AND FARMERS BANK — 2010
What MERCHANTS AND FARMERS BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 8,750,000 | 8,811,000 | 8,542,000 | 7,961,000 |
| Total loans | 3,992,000 | 4,048,000 | 2,793,000 | 2,686,000 |
| Allowance for loan losses | 76,000 | 62,000 | 70,000 | 72,000 |
| Securities available for sale | 117,000 | 15,000 | 13,000 | 111,000 |
| Securities held to maturity | 864,000 | 963,000 | 963,000 | 662,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 7,706,000 | 7,789,000 | 7,528,000 | 6,971,000 |
| Interest-bearing deposits | 4,032,000 | 4,226,000 | 3,969,000 | 4,017,000 |
| Noninterest-bearing deposits | 3,674,000 | 3,563,000 | 3,559,000 | 2,954,000 |
| Equity capital | 992,000 | 990,000 | 971,000 | 956,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 82,000 | 167,000 | 255,000 | 332,000 |
| Interest expense | 14,000 | 27,000 | 39,000 | 51,000 |
| Net interest income | 68,000 | 140,000 | 216,000 | 281,000 |
| Noninterest income | 17,000 | 46,000 | 86,000 | 105,000 |
| Noninterest expense | 137,000 | 220,000 | 353,000 | 472,000 |
| Provision for loan losses | 0 | 20,000 | 22,000 | 0 |
| Pretax income | -52,000 | -54,000 | -73,000 | -86,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -52,000 | -54,000 | -73,000 | -86,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 991,000 | 990,000 | 971,000 | 956,000 |
| Total capital | 1,026,000 | 1,029,000 | 1,004,000 | 987,000 |
| Risk-weighted assets | 2,773,000 | 2,640,000 | 2,595,000 | 2,491,000 |