Call reports 2006
MERCHANTS AND FARMERS BANK OF SALISBURY, THE — 2006
What MERCHANTS AND FARMERS BANK OF SALISBURY, THE reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 94,740,000 | 94,215,000 | 97,733,000 | 97,532,000 |
| Total loans | 63,222,000 | 63,834,000 | 65,365,000 | 62,891,000 |
| Allowance for loan losses | 823,000 | 838,000 | 803,000 | 747,000 |
| Securities available for sale | 25,459,000 | 24,681,000 | 25,222,000 | 26,702,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 83,478,000 | 83,262,000 | 82,440,000 | 88,561,000 |
| Interest-bearing deposits | 74,729,000 | 74,617,000 | 73,810,000 | 79,197,000 |
| Noninterest-bearing deposits | 8,749,000 | 8,645,000 | 8,630,000 | 9,364,000 |
| Equity capital | 6,220,000 | 6,593,000 | 7,212,000 | 7,374,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 1,475,000 | 2,916,000 | 4,501,000 | 6,110,000 |
| Interest expense | 664,000 | 1,380,000 | 2,155,000 | 2,980,000 |
| Net interest income | 811,000 | 1,536,000 | 2,346,000 | 3,130,000 |
| Noninterest income | 60,000 | 122,000 | 186,000 | 241,000 |
| Noninterest expense | 628,000 | 1,265,000 | 1,909,000 | 2,721,000 |
| Provision for loan losses | 0 | 125,000 | 125,000 | 125,000 |
| Pretax income | 243,000 | 268,000 | 498,000 | 525,000 |
| Income tax | 10,000 | 13,000 | 13,000 | 13,000 |
| Net income | 233,000 | 255,000 | 485,000 | 512,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,063,000 | 7,812,000 | 7,893,000 | 7,922,000 |
| Total capital | 7,848,000 | 8,605,000 | 8,696,000 | 8,669,000 |
| Risk-weighted assets | 62,748,000 | 63,370,000 | 65,042,000 | 62,298,000 |