Call reports 2020
FIRST FARMERS BANK & TRUST CO. — 2020
What FIRST FARMERS BANK & TRUST CO. reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 1,974,653,000 | 2,063,870,000 | 2,085,190,000 | 2,204,345,000 |
| Total loans | 1,424,116,000 | 1,536,889,000 | 1,575,659,000 | 1,558,269,000 |
| Allowance for loan losses | 18,269,000 | 18,034,000 | 17,756,000 | 17,737,000 |
| Securities available for sale | 385,200,000 | 374,104,000 | 388,543,000 | 394,271,000 |
| Securities held to maturity | 920,000 | 920,000 | 875,000 | 670,000 |
| Trading assets | 0 | 0 | 0 | 2,416,000 |
| Total deposits | 1,575,710,000 | 1,641,850,000 | 1,645,497,000 | 1,759,985,000 |
| Interest-bearing deposits | 1,247,494,000 | 1,259,927,000 | 1,238,469,000 | 1,315,277,000 |
| Noninterest-bearing deposits | 328,216,000 | 381,923,000 | 407,028,000 | 444,708,000 |
| Equity capital | 209,952,000 | 216,015,000 | 227,671,000 | 238,859,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 20,937,000 | 41,261,000 | 61,786,000 | 83,117,000 |
| Interest expense | 3,918,000 | 6,950,000 | 9,461,000 | 11,694,000 |
| Net interest income | 17,019,000 | 34,311,000 | 52,325,000 | 71,423,000 |
| Noninterest income | 4,184,000 | 9,912,000 | 17,031,000 | 23,997,000 |
| Noninterest expense | 11,823,000 | 24,212,000 | 36,659,000 | 49,336,000 |
| Provision for loan losses | 1,350,000 | 4,100,000 | 8,600,000 | 10,400,000 |
| Pretax income | 7,999,000 | 16,567,000 | 24,750,000 | 36,345,000 |
| Income tax | 1,259,000 | 2,648,000 | 3,966,000 | 6,175,000 |
| Net income | 6,740,000 | 13,919,000 | 20,784,000 | 30,170,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 194,067,000 | 198,569,000 | 209,273,000 | 218,701,000 |
| Total capital | 212,336,000 | 216,603,000 | 227,029,000 | 236,438,000 |
| Risk-weighted assets | 1,555,832,000 | 1,578,548,000 | 1,621,784,000 | 1,674,919,000 |