Call reports 2003
FARMERS & MERCHANTS STATE BANK — 2003
What FARMERS & MERCHANTS STATE 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 | 16,272,000 | 15,965,000 | 16,599,000 | 15,846,000 |
| Total loans | 4,850,000 | 4,894,000 | 4,797,000 | 4,408,000 |
| Allowance for loan losses | 45,000 | 45,000 | 45,000 | 29,000 |
| Securities available for sale | 6,632,000 | 5,345,000 | 6,808,000 | 6,557,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 14,991,000 | 14,666,000 | 15,381,000 | 14,621,000 |
| Interest-bearing deposits | 10,907,000 | 10,599,000 | 11,241,000 | 10,760,000 |
| Noninterest-bearing deposits | 4,084,000 | 4,067,000 | 4,140,000 | 3,861,000 |
| Equity capital | 1,235,000 | 1,248,000 | 1,180,000 | 1,198,000 |
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 | 181,000 | 350,000 | 519,000 | 678,000 |
| Interest expense | 56,000 | 107,000 | 155,000 | 198,000 |
| Net interest income | 125,000 | 243,000 | 364,000 | 480,000 |
| Noninterest income | 48,000 | 92,000 | 140,000 | 188,000 |
| Noninterest expense | 155,000 | 288,000 | 430,000 | 569,000 |
| Provision for loan losses | 0 | 0 | 0 | 15,000 |
| Pretax income | 18,000 | 66,000 | 93,000 | 103,000 |
| Income tax | 2,000 | 11,000 | 16,000 | 16,000 |
| Net income | 16,000 | 55,000 | 77,000 | 87,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,209,000 | 1,231,000 | 1,236,000 | 1,230,000 |
| Total capital | 1,253,000 | 1,276,000 | 1,281,000 | 1,259,000 |
| Risk-weighted assets | 6,464,000 | 6,399,000 | 6,592,000 | 6,154,000 |