Call reports 2010
MERCHANTS AND FARMERS BANK OF SALISBURY, THE — 2010
What MERCHANTS AND FARMERS BANK OF SALISBURY, THE reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 99,139,000 | 95,514,000 | 96,602,000 | 103,812,000 |
| Total loans | 66,240,000 | 65,166,000 | 64,117,000 | 61,807,000 |
| Allowance for loan losses | 1,105,000 | 993,000 | 1,023,000 | 1,075,000 |
| Securities available for sale | 25,944,000 | 23,455,000 | 28,991,000 | 29,608,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 82,907,000 | 84,279,000 | 83,594,000 | 92,109,000 |
| Interest-bearing deposits | 71,754,000 | 73,388,000 | 73,674,000 | 77,975,000 |
| Noninterest-bearing deposits | 11,153,000 | 10,891,000 | 9,920,000 | 14,134,000 |
| Equity capital | 8,351,000 | 8,401,000 | 9,206,000 | 8,504,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 1,153,000 | 2,306,000 | 3,474,000 | 4,640,000 |
| Interest expense | 338,000 | 641,000 | 938,000 | 1,230,000 |
| Net interest income | 815,000 | 1,665,000 | 2,536,000 | 3,410,000 |
| Noninterest income | 62,000 | 126,000 | 538,000 | 601,000 |
| Noninterest expense | 688,000 | 1,411,000 | 2,060,000 | 2,654,000 |
| Provision for loan losses | 245,000 | 341,000 | 356,000 | 406,000 |
| Pretax income | -48,000 | 47,000 | 669,000 | 970,000 |
| Income tax | -6,000 | -6,000 | 14,000 | 24,000 |
| Net income | -42,000 | 53,000 | 655,000 | 946,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,027,000 | 8,124,000 | 8,727,000 | 8,962,000 |
| Total capital | 8,866,000 | 8,958,000 | 9,554,000 | 9,765,000 |
| Risk-weighted assets | 66,841,000 | 66,562,000 | 65,961,000 | 64,006,000 |