Call reports 2024
FIRST FARMERS BANK & TRUST CO. — 2024
What FIRST FARMERS BANK & TRUST CO. reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 3,111,526,000 | 3,198,316,000 | 3,232,794,000 | 3,231,517,000 |
| Total loans | 2,284,864,000 | 2,349,888,000 | 2,378,844,000 | 2,394,108,000 |
| Allowance for loan losses | 37,930,000 | 31,224,000 | 32,775,000 | 33,458,000 |
| Securities available for sale | 573,218,000 | 621,476,000 | 611,238,000 | 602,454,000 |
| Securities held to maturity | 110,000 | 110,000 | 110,000 | 110,000 |
| Trading assets | 10,995,000 | 11,485,000 | 5,634,000 | 11,093,000 |
| Total deposits | 2,728,746,000 | 2,634,427,000 | 2,831,952,000 | 2,826,011,000 |
| Interest-bearing deposits | 2,227,315,000 | 2,166,476,000 | 2,357,182,000 | 2,328,004,000 |
| Noninterest-bearing deposits | 501,431,000 | 467,951,000 | 474,770,000 | 498,007,000 |
| Equity capital | 276,184,000 | 275,933,000 | 291,733,000 | 287,484,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 44,733,000 | 91,711,000 | 141,040,000 | 190,095,000 |
| Interest expense | 18,232,000 | 38,359,000 | 59,729,000 | 80,078,000 |
| Net interest income | 26,501,000 | 53,352,000 | 81,311,000 | 110,017,000 |
| Noninterest income | 4,525,000 | 8,796,000 | 12,766,000 | 17,383,000 |
| Noninterest expense | 14,271,000 | 29,068,000 | 44,412,000 | 60,043,000 |
| Provision for loan losses | 2,982,000 | 14,280,000 | 19,821,000 | 22,184,000 |
| Pretax income | 13,579,000 | 18,499,000 | 29,510,000 | 44,783,000 |
| Income tax | 2,594,000 | 3,073,000 | 5,008,000 | 8,038,000 |
| Net income | 10,985,000 | 15,426,000 | 24,502,000 | 36,745,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 303,388,000 | 303,353,000 | 308,459,000 | 317,673,000 |
| Total capital | 334,501,000 | 334,577,000 | 337,133,000 | 347,102,000 |
| Risk-weighted assets | 2,486,784,000 | 2,543,229,000 | 2,571,241,000 | 2,581,023,000 |