Call reports 2014
MERCHANTS AND FARMERS BANK OF SALISBURY, THE — 2014
What MERCHANTS AND FARMERS BANK OF SALISBURY, THE reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 99,470,000 | 98,133,000 | 96,235,000 | 107,741,000 |
| Total loans | 63,992,000 | 67,335,000 | 64,617,000 | 64,823,000 |
| Allowance for loan losses | 1,000,000 | 1,002,000 | 1,156,000 | 1,155,000 |
| Securities available for sale | 27,557,000 | 27,403,000 | 27,550,000 | 35,738,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 89,743,000 | 88,691,000 | 85,972,000 | 99,074,000 |
| Interest-bearing deposits | 74,355,000 | 73,891,000 | 71,953,000 | 81,636,000 |
| Noninterest-bearing deposits | 15,388,000 | 14,800,000 | 14,019,000 | 17,438,000 |
| Equity capital | 9,196,000 | 7,885,000 | 7,925,000 | 8,227,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 881,000 | 1,772,000 | 2,671,000 | 3,562,000 |
| Interest expense | 114,000 | 227,000 | 336,000 | 452,000 |
| Net interest income | 767,000 | 1,545,000 | 2,335,000 | 3,110,000 |
| Noninterest income | 62,000 | 126,000 | 196,000 | 246,000 |
| Noninterest expense | 597,000 | 1,216,000 | 1,852,000 | 2,473,000 |
| Provision for loan losses | 10,000 | 10,000 | 10,000 | 10,000 |
| Pretax income | 222,000 | 445,000 | 672,000 | 876,000 |
| Income tax | -4,000 | -2,000 | 0 | 3,000 |
| Net income | 226,000 | 447,000 | 672,000 | 873,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,487,000 | 8,048,000 | 8,212,000 | 8,348,000 |
| Total capital | 10,293,000 | 8,898,000 | 9,044,000 | 9,194,000 |
| Risk-weighted assets | 64,324,000 | 67,874,000 | 66,202,000 | 67,360,000 |