Call reports 2002
FIRST FARMERS & MERCHANTS STATE BANK OF GRAND MEADOW — 2002
What FIRST FARMERS & MERCHANTS STATE BANK OF GRAND MEADOW reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 23,111,000 | 22,480,000 | 23,704,000 | 25,759,000 |
| Total loans | 14,277,000 | 14,906,000 | 14,870,000 | 16,192,000 |
| Allowance for loan losses | 211,000 | 252,000 | 292,000 | 133,000 |
| Securities available for sale | 6,609,000 | 6,082,000 | 5,720,000 | 8,049,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 19,032,000 | 18,499,000 | 19,990,000 | 20,950,000 |
| Interest-bearing deposits | 16,280,000 | 15,795,000 | 17,060,000 | 17,642,000 |
| Noninterest-bearing deposits | 2,752,000 | 2,704,000 | 2,930,000 | 3,308,000 |
| Equity capital | 3,841,000 | 2,658,000 | 2,788,000 | 2,875,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 441,000 | 794,000 | 1,146,000 | 1,493,000 |
| Interest expense | 106,000 | 201,000 | 307,000 | 412,000 |
| Net interest income | 335,000 | 593,000 | 839,000 | 1,081,000 |
| Noninterest income | 28,000 | 84,000 | 118,000 | 171,000 |
| Noninterest expense | 175,000 | 367,000 | 565,000 | 733,000 |
| Provision for loan losses | -300,000 | -900,000 | -900,000 | -1,090,000 |
| Pretax income | 519,000 | 1,241,000 | 1,323,000 | 1,652,000 |
| Income tax | 124,000 | 382,000 | 402,000 | 590,000 |
| Net income | 395,000 | 859,000 | 921,000 | 1,062,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,776,000 | 2,539,000 | 2,602,000 | 2,743,000 |
| Total capital | 3,982,000 | 2,751,000 | 2,815,000 | 2,876,000 |
| Risk-weighted assets | 16,614,000 | 16,941,000 | 16,988,000 | 19,026,000 |