Call reports 2013
MERCHANTS AND FARMERS BANK OF SALISBURY, THE — 2013
What MERCHANTS AND FARMERS BANK OF SALISBURY, THE reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 99,344,000 | 95,813,000 | 95,999,000 | 102,179,000 |
| Total loans | 61,757,000 | 64,034,000 | 67,760,000 | 67,030,000 |
| Allowance for loan losses | 1,016,000 | 1,019,000 | 1,037,000 | 988,000 |
| Securities available for sale | 30,918,000 | 27,435,000 | 25,157,000 | 27,807,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 88,800,000 | 85,537,000 | 85,372,000 | 92,704,000 |
| Interest-bearing deposits | 74,020,000 | 71,761,000 | 71,125,000 | 77,763,000 |
| Noninterest-bearing deposits | 14,780,000 | 13,776,000 | 14,247,000 | 14,941,000 |
| Equity capital | 9,212,000 | 8,943,000 | 8,951,000 | 9,003,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 897,000 | 1,788,000 | 2,706,000 | 3,620,000 |
| Interest expense | 149,000 | 282,000 | 407,000 | 533,000 |
| Net interest income | 748,000 | 1,506,000 | 2,299,000 | 3,087,000 |
| Noninterest income | 48,000 | 120,000 | 192,000 | 187,000 |
| Noninterest expense | 616,000 | 1,241,000 | 1,860,000 | 2,453,000 |
| Provision for loan losses | 15,000 | 15,000 | 15,000 | 95,000 |
| Pretax income | 165,000 | 370,000 | 616,000 | 726,000 |
| Income tax | -18,000 | -15,000 | -11,000 | -7,000 |
| Net income | 183,000 | 385,000 | 627,000 | 733,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,008,000 | 9,125,000 | 9,300,000 | 9,324,000 |
| Total capital | 9,810,000 | 9,933,000 | 10,141,000 | 10,156,000 |
| Risk-weighted assets | 63,955,000 | 64,439,000 | 67,088,000 | 66,404,000 |