Call reports 2008
FARMERS AND MERCHANTS STATE BANK, THE — 2008
What FARMERS AND MERCHANTS STATE BANK, THE 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 | 22,796,000 | 22,680,000 | 22,413,000 | 22,208,000 |
| Total loans | 11,102,000 | 11,405,000 | 11,418,000 | 11,606,000 |
| Allowance for loan losses | 113,000 | 116,000 | 131,000 | 135,000 |
| Securities available for sale | 9,528,000 | 9,064,000 | 8,585,000 | 8,447,000 |
| Securities held to maturity | 672,000 | 644,000 | 627,000 | 622,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 16,234,000 | 16,178,000 | 16,042,000 | 15,741,000 |
| Interest-bearing deposits | 13,633,000 | 13,642,000 | 13,288,000 | 13,253,000 |
| Noninterest-bearing deposits | 2,601,000 | 2,536,000 | 2,754,000 | 2,488,000 |
| Equity capital | 2,342,000 | 2,218,000 | 2,090,000 | 2,041,000 |
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 | 338,000 | 665,000 | 983,000 | 1,309,000 |
| Interest expense | 133,000 | 252,000 | 366,000 | 469,000 |
| Net interest income | 205,000 | 413,000 | 617,000 | 840,000 |
| Noninterest income | 39,000 | 79,000 | 124,000 | 160,000 |
| Noninterest expense | 169,000 | 328,000 | 504,000 | 706,000 |
| Provision for loan losses | 3,000 | 6,000 | 36,000 | 116,000 |
| Pretax income | 72,000 | 158,000 | 201,000 | 178,000 |
| Income tax | 3,000 | 6,000 | 9,000 | 13,000 |
| Net income | 69,000 | 152,000 | 192,000 | 165,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,272,000 | 2,280,000 | 2,244,000 | 2,142,000 |
| Total capital | 2,385,000 | 2,396,000 | 2,375,000 | 2,277,000 |
| Risk-weighted assets | 15,334,000 | 15,685,000 | 15,873,000 | 15,797,000 |