Call reports 2002
FARMERS STATE BANK OF SHERBURN — 2002
What FARMERS STATE BANK OF SHERBURN 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 | 23,878,000 | 23,708,000 | 23,840,000 | 24,615,000 |
| Total loans | 14,316,000 | 16,991,000 | 16,468,000 | 15,946,000 |
| Allowance for loan losses | 354,000 | 367,000 | 366,000 | 334,000 |
| Securities available for sale | 4,815,000 | 3,760,000 | 3,015,000 | 2,705,000 |
| Securities held to maturity | 630,000 | 380,000 | 380,000 | 235,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 21,328,000 | 21,107,000 | 21,132,000 | 21,843,000 |
| Interest-bearing deposits | 18,887,000 | 18,653,000 | 18,737,000 | 18,936,000 |
| Noninterest-bearing deposits | 2,441,000 | 2,454,000 | 2,395,000 | 2,907,000 |
| Equity capital | 2,358,000 | 2,412,000 | 2,529,000 | 2,547,000 |
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 | 363,000 | 744,000 | 1,130,000 | 1,488,000 |
| Interest expense | 171,000 | 325,000 | 467,000 | 600,000 |
| Net interest income | 192,000 | 419,000 | 663,000 | 888,000 |
| Noninterest income | 31,000 | 63,000 | 100,000 | 142,000 |
| Noninterest expense | 137,000 | 292,000 | 440,000 | 653,000 |
| Provision for loan losses | 0 | 0 | 0 | -30,000 |
| Pretax income | 86,000 | 190,000 | 323,000 | 407,000 |
| Income tax | 9,000 | 15,000 | 18,000 | 51,000 |
| Net income | 77,000 | 175,000 | 305,000 | 356,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,274,000 | 2,332,000 | 2,443,000 | 2,473,000 |
| Total capital | 2,480,000 | 2,558,000 | 2,668,000 | 2,696,000 |
| Risk-weighted assets | 16,464,000 | 17,950,000 | 17,894,000 | 17,758,000 |