Call reports 2008
FARMERS & MERCHANTS STATE BANK OF NEW YORK MILLS, INCORPORATED — 2008
What FARMERS & MERCHANTS STATE BANK OF NEW YORK MILLS, INCORPORATED 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 | 47,943,000 | 47,606,000 | 48,984,000 | 48,869,000 |
| Total loans | 27,943,000 | 27,101,000 | 28,647,000 | 28,960,000 |
| Allowance for loan losses | 482,000 | 518,000 | 538,000 | 569,000 |
| Securities available for sale | 16,612,000 | 16,815,000 | 17,576,000 | 17,417,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 39,002,000 | 39,439,000 | 39,601,000 | 39,766,000 |
| Interest-bearing deposits | 31,315,000 | 32,131,000 | 32,078,000 | 32,205,000 |
| Noninterest-bearing deposits | 7,687,000 | 7,308,000 | 7,523,000 | 7,561,000 |
| Equity capital | 7,319,000 | 6,989,000 | 7,141,000 | 7,189,000 |
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 | 734,000 | 1,409,000 | 2,064,000 | 2,690,000 |
| Interest expense | 233,000 | 427,000 | 625,000 | 830,000 |
| Net interest income | 501,000 | 982,000 | 1,439,000 | 1,860,000 |
| Noninterest income | 67,000 | 129,000 | 196,000 | 271,000 |
| Noninterest expense | 367,000 | 724,000 | 1,086,000 | 1,508,000 |
| Provision for loan losses | 10,000 | 20,000 | 40,000 | 150,000 |
| Pretax income | 191,000 | 367,000 | 578,000 | 542,000 |
| Income tax | 1,000 | 1,000 | 1,000 | 1,000 |
| Net income | 190,000 | 366,000 | 577,000 | 541,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,207,000 | 7,112,000 | 7,191,000 | 7,154,000 |
| Total capital | 7,687,000 | 7,587,000 | 7,676,000 | 7,640,000 |
| Risk-weighted assets | 38,385,000 | 37,966,000 | 38,816,000 | 39,122,000 |