Call reports 2008
FIRST FARMERS BANK & TRUST CO. — 2008
What FIRST FARMERS BANK & TRUST CO. 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 | 596,070,000 | 623,391,000 | 630,918,000 | 657,768,000 |
| Total loans | 455,133,000 | 476,705,000 | 489,277,000 | 512,755,000 |
| Allowance for loan losses | 6,146,000 | 6,174,000 | 5,911,000 | 6,555,000 |
| Securities available for sale | 57,097,000 | 59,336,000 | 58,188,000 | 58,305,000 |
| Securities held to maturity | 40,792,000 | 40,771,000 | 41,546,000 | 42,877,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 460,273,000 | 483,144,000 | 484,220,000 | 499,830,000 |
| Interest-bearing deposits | 383,568,000 | 401,085,000 | 395,680,000 | 414,154,000 |
| Noninterest-bearing deposits | 76,705,000 | 82,059,000 | 88,540,000 | 85,677,000 |
| Equity capital | 68,072,000 | 69,325,000 | 70,660,000 | 72,379,000 |
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 | 9,432,000 | 18,505,000 | 27,825,000 | 36,999,000 |
| Interest expense | 3,571,000 | 6,487,000 | 9,402,000 | 12,100,000 |
| Net interest income | 5,861,000 | 12,018,000 | 18,423,000 | 24,899,000 |
| Noninterest income | 1,825,000 | 3,699,000 | 5,637,000 | 7,070,000 |
| Noninterest expense | 4,376,000 | 8,720,000 | 13,089,000 | 17,420,000 |
| Provision for loan losses | 555,000 | 1,230,000 | 1,855,000 | 2,845,000 |
| Pretax income | 2,764,000 | 5,783,000 | 9,141,000 | 11,734,000 |
| Income tax | 864,000 | 1,821,000 | 2,923,000 | 3,710,000 |
| Net income | 1,900,000 | 3,962,000 | 6,218,000 | 8,024,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 58,742,000 | 60,400,000 | 61,901,000 | 63,117,000 |
| Total capital | 64,807,000 | 66,574,000 | 67,812,000 | 69,673,000 |
| Risk-weighted assets | 485,090,000 | 509,054,000 | 517,762,000 | 539,355,000 |