Call reports 2023
FIRST FARMERS BANK & TRUST CO. — 2023
What FIRST FARMERS BANK & TRUST CO. reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 2,805,884,000 | 2,845,965,000 | 2,955,804,000 | 2,998,172,000 |
| Total loans | 2,099,753,000 | 2,149,445,000 | 2,219,444,000 | 2,257,880,000 |
| Allowance for loan losses | 34,626,000 | 35,207,000 | 36,275,000 | 34,893,000 |
| Securities available for sale | 507,777,000 | 524,709,000 | 519,252,000 | 569,412,000 |
| Securities held to maturity | 130,000 | 130,000 | 130,000 | 130,000 |
| Trading assets | 8,712,000 | 11,247,000 | 14,784,000 | 9,140,000 |
| Total deposits | 2,482,049,000 | 2,308,461,000 | 2,481,809,000 | 2,612,282,000 |
| Interest-bearing deposits | 1,960,377,000 | 1,827,577,000 | 2,001,880,000 | 2,116,930,000 |
| Noninterest-bearing deposits | 521,672,000 | 480,884,000 | 479,929,000 | 495,352,000 |
| Equity capital | 248,252,000 | 254,491,000 | 243,348,000 | 269,342,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 35,722,000 | 74,973,000 | 117,042,000 | 160,952,000 |
| Interest expense | 10,291,000 | 23,723,000 | 39,917,000 | 57,391,000 |
| Net interest income | 25,431,000 | 51,250,000 | 77,125,000 | 103,561,000 |
| Noninterest income | 4,062,000 | 8,239,000 | 12,430,000 | 16,898,000 |
| Noninterest expense | 13,611,000 | 27,942,000 | 42,542,000 | 57,493,000 |
| Provision for loan losses | 1,350,000 | 2,700,000 | 3,750,000 | 5,050,000 |
| Pretax income | 14,316,000 | 28,643,000 | 42,659,000 | 57,330,000 |
| Income tax | 2,821,000 | 5,623,000 | 8,377,000 | 11,191,000 |
| Net income | 11,495,000 | 23,020,000 | 34,282,000 | 46,139,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 273,761,000 | 285,339,000 | 287,646,000 | 295,465,000 |
| Total capital | 302,207,000 | 314,158,000 | 317,533,000 | 323,054,000 |
| Risk-weighted assets | 2,301,899,000 | 2,334,179,000 | 2,401,140,000 | 2,434,051,000 |