Call reports 2003
FIRST FARMERS & MERCHANTS STATE BANK OF GRAND MEADOW — 2003
What FIRST FARMERS & MERCHANTS STATE BANK OF GRAND MEADOW reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 26,187,000 | 26,627,000 | 25,359,000 | 27,631,000 |
| Total loans | 18,233,000 | 19,495,000 | 18,638,000 | 19,399,000 |
| Allowance for loan losses | 143,000 | 153,000 | 167,000 | 175,000 |
| Securities available for sale | 6,526,000 | 5,579,000 | 2,760,000 | 2,668,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 20,489,000 | 20,569,000 | 21,290,000 | 23,583,000 |
| Interest-bearing deposits | 17,113,000 | 17,475,000 | 18,079,000 | 19,234,000 |
| Noninterest-bearing deposits | 3,376,000 | 3,095,000 | 3,212,000 | 4,350,000 |
| Equity capital | 2,952,000 | 2,972,000 | 2,971,000 | 2,952,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 365,000 | 745,000 | 1,147,000 | 1,500,000 |
| Interest expense | 84,000 | 168,000 | 241,000 | 315,000 |
| Net interest income | 281,000 | 577,000 | 906,000 | 1,185,000 |
| Noninterest income | 43,000 | 96,000 | 138,000 | 187,000 |
| Noninterest expense | 188,000 | 390,000 | 587,000 | 780,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 158,000 | 323,000 | 488,000 | 623,000 |
| Income tax | 51,000 | 115,000 | 166,000 | 232,000 |
| Net income | 107,000 | 208,000 | 322,000 | 391,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,850,000 | 2,876,000 | 2,915,000 | 2,909,000 |
| Total capital | 2,993,000 | 3,029,000 | 3,082,000 | 3,084,000 |
| Risk-weighted assets | 19,818,000 | 22,432,000 | 20,716,000 | 22,067,000 |