Call reports 2019
MERCHANTS AND FARMERS BANK OF SALISBURY, THE — 2019
What MERCHANTS AND FARMERS BANK OF SALISBURY, THE reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 95,581,000 | 93,536,000 | 94,216,000 | 104,567,000 |
| Total loans | 57,507,000 | 58,787,000 | 57,426,000 | 56,161,000 |
| Allowance for loan losses | 1,099,000 | 1,099,000 | 1,099,000 | 1,099,000 |
| Securities available for sale | 26,942,000 | 25,656,000 | 26,386,000 | 32,310,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 86,745,000 | 84,227,000 | 84,773,000 | 95,227,000 |
| Interest-bearing deposits | 67,441,000 | 64,931,000 | 66,184,000 | 74,709,000 |
| Noninterest-bearing deposits | 19,304,000 | 19,296,000 | 18,589,000 | 20,518,000 |
| Equity capital | 8,718,000 | 9,134,000 | 9,264,000 | 9,297,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 946,000 | 1,904,000 | 2,870,000 | 3,803,000 |
| Interest expense | 172,000 | 339,000 | 506,000 | 669,000 |
| Net interest income | 774,000 | 1,565,000 | 2,364,000 | 3,134,000 |
| Noninterest income | 45,000 | 98,000 | 165,000 | 202,000 |
| Noninterest expense | 671,000 | 1,360,000 | 2,037,000 | 2,719,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 148,000 | 334,000 | 523,000 | 648,000 |
| Income tax | 1,000 | 3,000 | 5,000 | -6,000 |
| Net income | 147,000 | 331,000 | 518,000 | 654,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,933,000 | 9,036,000 | 9,070,000 | 9,092,000 |
| Total capital | 9,695,000 | 9,809,000 | 9,838,000 | 9,884,000 |
| Risk-weighted assets | 60,694,000 | 61,583,000 | 61,171,000 | 63,074,000 |