Call reports 2024
FIRST FARMERS AND COMMERCIAL BANK — 2024
What FIRST FARMERS AND COMMERCIAL BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 224,201,000 | 220,541,000 | 216,955,000 | 219,023,000 |
| Total loans | 160,949,000 | 161,984,000 | 159,536,000 | 159,739,000 |
| Allowance for loan losses | 2,508,000 | 2,463,000 | 2,418,000 | 2,418,000 |
| Securities available for sale | 14,120,000 | 14,451,000 | 14,678,000 | 10,228,000 |
| Securities held to maturity | 13,194,000 | 12,195,000 | 10,647,000 | 10,625,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 204,476,000 | 200,237,000 | 195,756,000 | 197,576,000 |
| Interest-bearing deposits | 161,950,000 | 156,925,000 | 152,480,000 | 155,004,000 |
| Noninterest-bearing deposits | 42,526,000 | 43,312,000 | 43,276,000 | 42,572,000 |
| Equity capital | 18,480,000 | 18,943,000 | 19,599,000 | 20,016,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 3,085,000 | 6,283,000 | 9,625,000 | 12,884,000 |
| Interest expense | 1,284,000 | 2,530,000 | 3,844,000 | 5,130,000 |
| Net interest income | 1,801,000 | 3,753,000 | 5,781,000 | 7,754,000 |
| Noninterest income | 153,000 | 311,000 | 481,000 | 661,000 |
| Noninterest expense | 1,356,000 | 2,888,000 | 4,436,000 | 6,018,000 |
| Provision for loan losses | 75,000 | 79,000 | 40,000 | 86,000 |
| Pretax income | 523,000 | 1,097,000 | 1,785,000 | 2,311,000 |
| Income tax | 138,000 | 291,000 | 475,000 | 608,000 |
| Net income | 385,000 | 806,000 | 1,310,000 | 1,703,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,879,000 | 19,300,000 | 19,804,000 | 20,197,000 |
| Total capital | 20,829,000 | 21,186,000 | 21,699,000 | 22,018,000 |
| Risk-weighted assets | 155,538,000 | 150,419,000 | 151,211,000 | 145,212,000 |