Call reports 2003
BANK OF FARMINGTON — 2003
What BANK OF FARMINGTON reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 62,247,000 | 62,257,000 | 62,236,000 | 62,462,000 |
| Total loans | 31,955,000 | 32,640,000 | 33,624,000 | 34,051,000 |
| Allowance for loan losses | 281,000 | 312,000 | 346,000 | 369,000 |
| Securities available for sale | 23,407,000 | 23,401,000 | 23,350,000 | 23,015,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 51,630,000 | 51,281,000 | 51,478,000 | 51,728,000 |
| Interest-bearing deposits | 47,375,000 | 47,331,000 | 47,263,000 | 47,200,000 |
| Noninterest-bearing deposits | 4,255,000 | 3,951,000 | 4,215,000 | 4,528,000 |
| Equity capital | 7,894,000 | 8,209,000 | 8,097,000 | 8,118,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 844,000 | 1,684,000 | 2,498,000 | 3,306,000 |
| Interest expense | 320,000 | 630,000 | 929,000 | 1,211,000 |
| Net interest income | 524,000 | 1,054,000 | 1,569,000 | 2,095,000 |
| Noninterest income | 71,000 | 139,000 | 224,000 | 282,000 |
| Noninterest expense | 270,000 | 553,000 | 901,000 | 1,275,000 |
| Provision for loan losses | 30,000 | 72,000 | 103,000 | 146,000 |
| Pretax income | 295,000 | 568,000 | 789,000 | 958,000 |
| Income tax | 27,000 | 55,000 | 105,000 | 158,000 |
| Net income | 268,000 | 513,000 | 684,000 | 800,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,409,000 | 7,624,000 | 7,749,000 | 7,759,000 |
| Total capital | 7,690,000 | 7,936,000 | 8,095,000 | 8,128,000 |
| Risk-weighted assets | 34,516,000 | 35,522,000 | 36,525,000 | 36,571,000 |