Call reports 2020
FIRST FARMERS AND COMMERCIAL BANK — 2020
What FIRST FARMERS AND COMMERCIAL BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 147,554,000 | 155,368,000 | 161,576,000 | 169,714,000 |
| Total loans | 103,663,000 | 107,676,000 | 113,056,000 | 116,848,000 |
| Allowance for loan losses | 760,000 | 834,000 | 925,000 | 1,030,000 |
| Securities available for sale | 11,173,000 | 8,043,000 | 8,047,000 | 7,037,000 |
| Securities held to maturity | 9,852,000 | 10,982,000 | 10,810,000 | 10,155,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 131,625,000 | 139,229,000 | 145,127,000 | 153,141,000 |
| Interest-bearing deposits | 109,365,000 | 112,845,000 | 116,296,000 | 124,053,000 |
| Noninterest-bearing deposits | 22,260,000 | 26,384,000 | 28,831,000 | 29,088,000 |
| Equity capital | 15,000,000 | 15,075,000 | 15,419,000 | 15,564,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 1,641,000 | 3,367,000 | 5,075,000 | 6,808,000 |
| Interest expense | 362,000 | 738,000 | 1,111,000 | 1,473,000 |
| Net interest income | 1,279,000 | 2,629,000 | 3,964,000 | 5,335,000 |
| Noninterest income | 125,000 | 223,000 | 323,000 | 433,000 |
| Noninterest expense | 904,000 | 1,792,000 | 2,684,000 | 3,689,000 |
| Provision for loan losses | 97,000 | 184,000 | 274,000 | 556,000 |
| Pretax income | 404,000 | 869,000 | 1,322,000 | 1,517,000 |
| Income tax | 101,000 | 225,000 | 340,000 | 386,000 |
| Net income | 303,000 | 644,000 | 982,000 | 1,131,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,984,000 | 15,054,000 | 15,391,000 | 15,541,000 |
| Total capital | 15,744,000 | 15,888,000 | 16,316,000 | 16,571,000 |
| Risk-weighted assets | 108,575,000 | 108,599,000 | 111,219,000 | 115,207,000 |