Call reports 2016
MERCHANTS AND FARMERS BANK OF SALISBURY, THE — 2016
What MERCHANTS AND FARMERS BANK OF SALISBURY, THE reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 97,536,000 | 96,467,000 | 97,120,000 | 101,204,000 |
| Total loans | 58,686,000 | 59,319,000 | 62,361,000 | 58,376,000 |
| Allowance for loan losses | 1,151,000 | 1,144,000 | 1,144,000 | 1,144,000 |
| Securities available for sale | 35,368,000 | 30,815,000 | 26,827,000 | 30,289,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 87,549,000 | 87,521,000 | 88,200,000 | 93,057,000 |
| Interest-bearing deposits | 69,985,000 | 70,243,000 | 69,598,000 | 75,672,000 |
| Noninterest-bearing deposits | 17,564,000 | 17,278,000 | 18,602,000 | 17,385,000 |
| Equity capital | 8,691,000 | 8,820,000 | 8,787,000 | 8,113,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 871,000 | 1,714,000 | 2,564,000 | 3,388,000 |
| Interest expense | 97,000 | 183,000 | 271,000 | 372,000 |
| Net interest income | 774,000 | 1,531,000 | 2,293,000 | 3,016,000 |
| Noninterest income | 61,000 | 124,000 | 189,000 | 241,000 |
| Noninterest expense | 689,000 | 1,360,000 | 2,062,000 | 2,714,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 162,000 | 319,000 | 535,000 | 658,000 |
| Income tax | -5,000 | -3,000 | 0 | 0 |
| Net income | 167,000 | 322,000 | 535,000 | 658,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,633,000 | 8,564,000 | 8,631,000 | 8,656,000 |
| Total capital | 9,424,000 | 9,344,000 | 9,451,000 | 9,448,000 |
| Risk-weighted assets | 62,890,000 | 62,187,000 | 65,297,000 | 63,038,000 |