Call reports 2008
FARMERS AND MERCHANTS BANK OF ST. CLAIR — 2008
What FARMERS AND MERCHANTS BANK OF ST. CLAIR 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 | 173,851,000 | 178,813,000 | 172,170,000 | 168,148,000 |
| Total loans | 127,426,000 | 132,773,000 | 133,415,000 | 130,696,000 |
| Allowance for loan losses | 1,795,000 | 1,712,000 | 1,610,000 | 1,599,000 |
| Securities available for sale | 26,078,000 | 29,171,000 | 24,108,000 | 22,819,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 152,027,000 | 151,897,000 | 138,172,000 | 135,199,000 |
| Interest-bearing deposits | 133,968,000 | 131,259,000 | 120,047,000 | 116,620,000 |
| Noninterest-bearing deposits | 18,059,000 | 20,638,000 | 18,125,000 | 18,579,000 |
| Equity capital | 15,947,000 | 16,033,000 | 14,861,000 | 15,177,000 |
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 | 2,887,000 | 5,756,000 | 8,590,000 | 11,223,000 |
| Interest expense | 1,169,000 | 2,276,000 | 3,323,000 | 4,281,000 |
| Net interest income | 1,718,000 | 3,480,000 | 5,267,000 | 6,942,000 |
| Noninterest income | 310,000 | 646,000 | 733,000 | 1,221,000 |
| Noninterest expense | 1,622,000 | 3,222,000 | 4,578,000 | 6,185,000 |
| Provision for loan losses | 2,000 | 28,000 | 125,000 | 461,000 |
| Pretax income | 404,000 | 876,000 | 1,297,000 | 1,517,000 |
| Income tax | 142,000 | 299,000 | 439,000 | 516,000 |
| Net income | 262,000 | 577,000 | 858,000 | 1,001,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,694,000 | 15,973,000 | 14,835,000 | 14,977,000 |
| Total capital | 17,305,000 | 17,550,000 | 15,316,000 | 16,576,000 |
| Risk-weighted assets | 128,686,000 | 132,896,000 | 135,114,000 | 130,884,000 |