Call reports 2017
MERCHANTS AND FARMERS BANK OF SALISBURY, THE — 2017
What MERCHANTS AND FARMERS BANK OF SALISBURY, THE reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 97,246,000 | 97,177,000 | 94,636,000 | 101,608,000 |
| Total loans | 58,140,000 | 57,569,000 | 57,306,000 | 57,782,000 |
| Allowance for loan losses | 1,143,000 | 1,106,000 | 1,106,000 | 1,108,000 |
| Securities available for sale | 30,206,000 | 30,613,000 | 30,224,000 | 30,911,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 88,864,000 | 88,404,000 | 85,864,000 | 93,118,000 |
| Interest-bearing deposits | 70,447,000 | 70,715,000 | 67,942,000 | 73,917,000 |
| Noninterest-bearing deposits | 18,417,000 | 17,689,000 | 17,921,000 | 19,201,000 |
| Equity capital | 8,297,000 | 8,646,000 | 8,667,000 | 8,454,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 830,000 | 1,679,000 | 2,533,000 | 3,400,000 |
| Interest expense | 101,000 | 193,000 | 290,000 | 395,000 |
| Net interest income | 729,000 | 1,486,000 | 2,243,000 | 3,005,000 |
| Noninterest income | 56,000 | 117,000 | 187,000 | 241,000 |
| Noninterest expense | 723,000 | 1,389,000 | 2,040,000 | 2,686,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 70,000 | 222,000 | 398,000 | 568,000 |
| Income tax | 5,000 | 6,000 | 6,000 | 9,000 |
| Net income | 65,000 | 216,000 | 392,000 | 559,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,645,000 | 8,641,000 | 8,698,000 | 8,757,000 |
| Total capital | 9,427,000 | 9,409,000 | 9,458,000 | 9,532,000 |
| Risk-weighted assets | 62,076,000 | 61,005,000 | 60,293,000 | 61,571,000 |