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 | 108,326,000 | 115,931,000 | 116,361,000 | 120,730,000 |
| Total loans | 63,606,000 | 68,831,000 | 72,435,000 | 77,492,000 |
| Allowance for loan losses | 809,000 | 1,025,000 | 1,170,000 | 1,133,000 |
| Securities available for sale | 37,276,000 | 37,676,000 | 36,514,000 | 35,229,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 87,237,000 | 90,207,000 | 87,072,000 | 88,860,000 |
| Interest-bearing deposits | 78,229,000 | 75,364,000 | 76,204,000 | 78,009,000 |
| Noninterest-bearing deposits | 9,008,000 | 14,843,000 | 10,868,000 | 10,851,000 |
| Equity capital | 16,470,000 | 16,944,000 | 17,095,000 | 16,675,000 |
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 | 1,508,000 | 3,037,000 | 4,598,000 | 6,165,000 |
| Interest expense | 459,000 | 911,000 | 1,357,000 | 1,778,000 |
| Net interest income | 1,049,000 | 2,126,000 | 3,241,000 | 4,387,000 |
| Noninterest income | 214,000 | 928,000 | 1,260,000 | 1,461,000 |
| Noninterest expense | 673,000 | 1,432,000 | 2,179,000 | 2,978,000 |
| Provision for loan losses | 23,000 | 245,000 | 397,000 | 570,000 |
| Pretax income | 567,000 | 1,377,000 | 1,925,000 | 2,300,000 |
| Income tax | 148,000 | 395,000 | 544,000 | 624,000 |
| Net income | 419,000 | 982,000 | 1,381,000 | 1,676,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,283,000 | 15,682,000 | 15,954,000 | 16,042,000 |
| Total capital | 16,092,000 | 16,681,000 | 17,012,000 | 17,159,000 |
| Risk-weighted assets | 74,648,000 | 79,875,000 | 84,259,000 | 89,377,000 |