Call reports 2008
MERCHANTS AND FARMERS BANK — 2008
What MERCHANTS AND FARMERS BANK 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 | 1,644,130,000 | 1,613,537,000 | 1,637,950,000 | 1,592,731,000 |
| Total loans | 1,212,397,000 | 1,201,529,000 | 1,211,679,000 | 1,184,293,000 |
| Allowance for loan losses | 14,196,000 | 18,901,000 | 19,618,000 | 24,918,000 |
| Securities available for sale | 243,250,000 | 236,936,000 | 219,953,000 | 227,145,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,314,444,000 | 1,268,513,000 | 1,252,093,000 | 1,261,798,000 |
| Interest-bearing deposits | 1,127,354,000 | 1,081,358,000 | 1,073,103,000 | 1,083,099,000 |
| Noninterest-bearing deposits | 187,090,000 | 187,155,000 | 178,990,000 | 178,699,000 |
| Equity capital | 170,211,000 | 166,707,000 | 169,761,000 | 164,843,000 |
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 | 25,391,000 | 48,872,000 | 71,397,000 | 93,557,000 |
| Interest expense | 11,629,000 | 21,417,000 | 30,353,000 | 39,202,000 |
| Net interest income | 13,762,000 | 27,455,000 | 41,044,000 | 54,355,000 |
| Noninterest income | 5,378,000 | 10,099,000 | 15,488,000 | 19,440,000 |
| Noninterest expense | 13,265,000 | 26,242,000 | 39,363,000 | 52,753,000 |
| Provision for loan losses | 780,000 | 6,860,000 | 9,050,000 | 19,734,000 |
| Pretax income | 5,106,000 | 4,474,000 | 8,124,000 | 1,314,000 |
| Income tax | 1,587,000 | 1,080,000 | 2,183,000 | -608,000 |
| Net income | 3,519,000 | 3,394,000 | 5,941,000 | 1,922,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 134,122,000 | 133,109,000 | 135,813,000 | 130,382,000 |
| Total capital | 148,318,000 | 149,649,000 | 152,936,000 | 146,691,000 |
| Risk-weighted assets | 1,342,985,000 | 1,320,803,000 | 1,367,353,000 | 1,296,145,000 |