Call reports 2003
FARMERS STATE BANK OF SHERBURN — 2003
What FARMERS STATE BANK OF SHERBURN 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 | 25,213,000 | 24,817,000 | 24,566,000 | 25,490,000 |
| Total loans | 14,340,000 | 15,487,000 | 15,854,000 | 16,679,000 |
| Allowance for loan losses | 334,000 | 334,000 | 311,000 | 281,000 |
| Securities available for sale | 3,607,000 | 3,453,000 | 3,485,000 | 3,286,000 |
| Securities held to maturity | 236,000 | 327,000 | 326,000 | 411,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 22,564,000 | 22,145,000 | 21,856,000 | 22,735,000 |
| Interest-bearing deposits | 20,200,000 | 19,418,000 | 19,166,000 | 19,504,000 |
| Noninterest-bearing deposits | 2,364,000 | 2,727,000 | 2,690,000 | 3,231,000 |
| Equity capital | 2,458,000 | 2,481,000 | 2,525,000 | 2,552,000 |
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 | 325,000 | 651,000 | 968,000 | 1,281,000 |
| Interest expense | 117,000 | 231,000 | 333,000 | 428,000 |
| Net interest income | 208,000 | 420,000 | 635,000 | 853,000 |
| Noninterest income | 45,000 | 89,000 | 124,000 | 164,000 |
| Noninterest expense | 150,000 | 304,000 | 451,000 | 676,000 |
| Provision for loan losses | 0 | 0 | 0 | -30,000 |
| Pretax income | 103,000 | 205,000 | 308,000 | 371,000 |
| Income tax | 0 | 0 | 0 | 30,000 |
| Net income | 103,000 | 205,000 | 308,000 | 341,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,390,000 | 2,423,000 | 2,491,000 | 2,524,000 |
| Total capital | 2,603,000 | 2,647,000 | 2,713,000 | 2,755,000 |
| Risk-weighted assets | 16,902,000 | 17,803,000 | 17,668,000 | 18,460,000 |