Call reports 2008
FIRST FARMERS AND COMMERCIAL BANK — 2008
What FIRST FARMERS AND COMMERCIAL 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 | 92,082,000 | 90,784,000 | 88,308,000 | 87,158,000 |
| Total loans | 51,690,000 | 51,052,000 | 53,659,000 | 55,846,000 |
| Allowance for loan losses | 500,000 | 501,000 | 524,000 | 505,000 |
| Securities available for sale | 12,080,000 | 11,415,000 | 10,610,000 | 10,615,000 |
| Securities held to maturity | 3,980,000 | 3,795,000 | 3,729,000 | 3,908,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 81,922,000 | 80,775,000 | 78,068,000 | 76,832,000 |
| Interest-bearing deposits | 69,908,000 | 67,560,000 | 65,708,000 | 66,017,000 |
| Noninterest-bearing deposits | 12,014,000 | 13,215,000 | 12,360,000 | 10,815,000 |
| Equity capital | 9,602,000 | 9,523,000 | 9,693,000 | 9,842,000 |
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 | 1,423,000 | 2,747,000 | 4,035,000 | 5,307,000 |
| Interest expense | 660,000 | 1,258,000 | 1,820,000 | 2,340,000 |
| Net interest income | 763,000 | 1,489,000 | 2,215,000 | 2,967,000 |
| Noninterest income | 187,000 | 397,000 | 600,000 | 790,000 |
| Noninterest expense | 664,000 | 1,332,000 | 1,966,000 | 2,658,000 |
| Provision for loan losses | 5,000 | 13,000 | 44,000 | 190,000 |
| Pretax income | 299,000 | 559,000 | 822,000 | 926,000 |
| Income tax | 109,000 | 197,000 | 291,000 | 318,000 |
| Net income | 190,000 | 362,000 | 531,000 | 608,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,563,000 | 9,634,000 | 9,755,000 | 9,799,000 |
| Total capital | 10,063,000 | 10,135,000 | 10,279,000 | 10,304,000 |
| Risk-weighted assets | 66,039,000 | 65,894,000 | 66,758,000 | 70,011,000 |