Call reports 2008
FARMERS STATE BANK OF SHERBURN — 2008
What FARMERS STATE BANK OF SHERBURN 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 | 27,477,000 | 28,577,000 | 28,452,000 | 27,723,000 |
| Total loans | 17,574,000 | 18,385,000 | 18,425,000 | 19,494,000 |
| Allowance for loan losses | 301,000 | 301,000 | 301,000 | 300,000 |
| Securities available for sale | 3,194,000 | 2,666,000 | 2,872,000 | 3,318,000 |
| Securities held to maturity | 596,000 | 545,000 | 545,000 | 630,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 24,657,000 | 25,777,000 | 25,581,000 | 24,784,000 |
| Interest-bearing deposits | 21,327,000 | 21,507,000 | 21,788,000 | 20,362,000 |
| Noninterest-bearing deposits | 3,330,000 | 4,270,000 | 3,793,000 | 4,422,000 |
| Equity capital | 2,349,000 | 2,336,000 | 2,416,000 | 2,452,000 |
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 | 410,000 | 810,000 | 1,221,000 | 1,617,000 |
| Interest expense | 175,000 | 339,000 | 491,000 | 624,000 |
| Net interest income | 235,000 | 471,000 | 730,000 | 993,000 |
| Noninterest income | 33,000 | 67,000 | 96,000 | 132,000 |
| Noninterest expense | 179,000 | 349,000 | 524,000 | 794,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 89,000 | 189,000 | 302,000 | 331,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 89,000 | 189,000 | 302,000 | 331,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,287,000 | 2,312,000 | 2,389,000 | 2,381,000 |
| Total capital | 2,541,000 | 2,577,000 | 2,657,000 | 2,655,000 |
| Risk-weighted assets | 20,243,000 | 21,186,000 | 21,370,000 | 21,889,000 |