Call reports 2007
FIRST FARMERS AND COMMERCIAL BANK — 2007
What FIRST FARMERS AND COMMERCIAL BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 87,092,000 | 87,945,000 | 86,391,000 | 90,782,000 |
| Total loans | 49,128,000 | 53,933,000 | 54,507,000 | 54,308,000 |
| Allowance for loan losses | 478,000 | 433,000 | 503,000 | 502,000 |
| Securities available for sale | 13,399,000 | 12,691,000 | 11,279,000 | 12,311,000 |
| Securities held to maturity | 3,872,000 | 4,251,000 | 4,251,000 | 3,293,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 77,302,000 | 77,976,000 | 76,095,000 | 80,382,000 |
| Interest-bearing deposits | 66,587,000 | 66,294,000 | 65,005,000 | 68,601,000 |
| Noninterest-bearing deposits | 10,715,000 | 11,682,000 | 11,090,000 | 11,781,000 |
| Equity capital | 9,300,000 | 9,469,000 | 9,668,000 | 9,820,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 1,372,000 | 2,827,000 | 4,302,000 | 5,781,000 |
| Interest expense | 609,000 | 1,266,000 | 1,933,000 | 2,606,000 |
| Net interest income | 763,000 | 1,561,000 | 2,369,000 | 3,175,000 |
| Noninterest income | 206,000 | 412,000 | 611,000 | 818,000 |
| Noninterest expense | 680,000 | 1,355,000 | 2,000,000 | 2,729,000 |
| Provision for loan losses | 8,000 | 52,000 | 136,000 | 225,000 |
| Pretax income | 282,000 | 567,000 | 845,000 | 1,042,000 |
| Income tax | 100,000 | 202,000 | 300,000 | 366,000 |
| Net income | 182,000 | 365,000 | 545,000 | 676,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,394,000 | 9,575,000 | 9,709,000 | 9,838,000 |
| Total capital | 9,872,000 | 10,008,000 | 10,212,000 | 10,340,000 |
| Risk-weighted assets | 62,728,000 | 65,938,000 | 65,913,000 | 67,282,000 |