Call reports 2003
FIRST FARMERS AND COMMERCIAL BANK — 2003
What FIRST FARMERS AND COMMERCIAL BANK 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 | 67,726,000 | 65,770,000 | 66,009,000 | 66,218,000 |
| Total loans | 35,827,000 | 35,532,000 | 37,748,000 | 37,313,000 |
| Allowance for loan losses | 373,000 | 325,000 | 310,000 | 360,000 |
| Securities available for sale | 12,751,000 | 13,122,000 | 11,914,000 | 9,833,000 |
| Securities held to maturity | 3,515,000 | 2,820,000 | 2,664,000 | 2,618,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 58,058,000 | 56,234,000 | 56,719,000 | 56,932,000 |
| Interest-bearing deposits | 51,428,000 | 49,329,000 | 49,834,000 | 49,540,000 |
| Noninterest-bearing deposits | 6,630,000 | 6,905,000 | 6,885,000 | 7,392,000 |
| Equity capital | 9,103,000 | 9,099,000 | 8,942,000 | 9,007,000 |
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 | 995,000 | 1,946,000 | 2,879,000 | 3,780,000 |
| Interest expense | 339,000 | 664,000 | 966,000 | 1,246,000 |
| Net interest income | 656,000 | 1,282,000 | 1,913,000 | 2,534,000 |
| Noninterest income | 131,000 | 258,000 | 390,000 | 516,000 |
| Noninterest expense | 430,000 | 850,000 | 1,271,000 | 1,831,000 |
| Provision for loan losses | 0 | 0 | 27,000 | 79,000 |
| Pretax income | 358,000 | 696,000 | 1,013,000 | 1,148,000 |
| Income tax | 120,000 | 238,000 | 346,000 | 400,000 |
| Net income | 238,000 | 458,000 | 667,000 | 748,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,915,000 | 8,881,000 | 8,837,000 | 8,917,000 |
| Total capital | 9,288,000 | 9,206,000 | 9,147,000 | 9,277,000 |
| Risk-weighted assets | 44,015,000 | 46,077,000 | 49,685,000 | 49,161,000 |