Call reports 2002
BANK OF FARMINGTON — 2002
What BANK OF FARMINGTON reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 57,832,000 | 57,477,000 | 60,614,000 | 62,228,000 |
| Total loans | 29,350,000 | 30,247,000 | 31,631,000 | 31,479,000 |
| Allowance for loan losses | 360,000 | 290,000 | 206,000 | 205,000 |
| Securities available for sale | 22,490,000 | 22,787,000 | 23,248,000 | 23,604,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 50,249,000 | 49,477,000 | 50,131,000 | 51,670,000 |
| Interest-bearing deposits | 45,814,000 | 45,537,000 | 46,236,000 | 47,330,000 |
| Noninterest-bearing deposits | 4,435,000 | 3,940,000 | 3,895,000 | 4,340,000 |
| Equity capital | 7,086,000 | 7,423,000 | 7,768,000 | 7,811,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 858,000 | 1,715,000 | 2,583,000 | 3,475,000 |
| Interest expense | 401,000 | 777,000 | 1,138,000 | 1,502,000 |
| Net interest income | 457,000 | 938,000 | 1,445,000 | 1,973,000 |
| Noninterest income | 60,000 | 121,000 | 156,000 | 210,000 |
| Noninterest expense | 247,000 | 563,000 | 896,000 | 1,255,000 |
| Provision for loan losses | 13,000 | 160,000 | 207,000 | 207,000 |
| Pretax income | 257,000 | 338,000 | 500,000 | 723,000 |
| Income tax | 28,000 | 56,000 | 85,000 | 60,000 |
| Net income | 229,000 | 282,000 | 415,000 | 663,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,963,000 | 6,993,000 | 7,103,000 | 7,257,000 |
| Total capital | 7,323,000 | 7,283,000 | 7,309,000 | 7,462,000 |
| Risk-weighted assets | 31,601,000 | 32,144,000 | 33,467,000 | 34,117,000 |