Call reports 2008
FARMERS & MERCHANTS STATE BANK — 2008
What FARMERS & MERCHANTS STATE 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 | 132,386,000 | 140,478,000 | 138,334,000 | 140,178,000 |
| Total loans | 90,789,000 | 89,516,000 | 90,227,000 | 90,759,000 |
| Allowance for loan losses | 1,489,000 | 1,380,000 | 1,508,000 | 1,165,000 |
| Securities available for sale | 29,867,000 | 43,013,000 | 41,581,000 | 42,398,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 94,297,000 | 94,568,000 | 90,470,000 | 94,429,000 |
| Interest-bearing deposits | 81,571,000 | 82,650,000 | 79,244,000 | 80,691,000 |
| Noninterest-bearing deposits | 12,726,000 | 11,918,000 | 11,226,000 | 13,738,000 |
| Equity capital | 18,707,000 | 16,924,000 | 17,411,000 | 16,331,000 |
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 | 2,026,000 | 4,002,000 | 5,986,000 | 7,856,000 |
| Interest expense | 978,000 | 1,905,000 | 2,825,000 | 3,710,000 |
| Net interest income | 1,048,000 | 2,097,000 | 3,161,000 | 4,146,000 |
| Noninterest income | 217,000 | 367,000 | 559,000 | 664,000 |
| Noninterest expense | 791,000 | 1,628,000 | 2,401,000 | 3,111,000 |
| Provision for loan losses | 50,000 | 100,000 | 217,000 | 600,000 |
| Pretax income | 424,000 | 736,000 | 1,102,000 | 1,099,000 |
| Income tax | 103,000 | 161,000 | 200,000 | 169,000 |
| Net income | 321,000 | 575,000 | 902,000 | 930,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,308,000 | 17,064,000 | 17,391,000 | 15,918,000 |
| Total capital | 19,690,000 | 18,444,000 | 18,807,000 | 17,083,000 |
| Risk-weighted assets | 110,515,000 | 111,948,000 | 113,204,000 | 115,464,000 |