Call reports 2004
FIRST FARMERS & MERCHANTS STATE BANK OF GRAND MEADOW — 2004
What FIRST FARMERS & MERCHANTS STATE BANK OF GRAND MEADOW reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 27,424,000 | 26,917,000 | 27,663,000 | 30,222,000 |
| Total loans | 19,943,000 | 21,709,000 | 23,045,000 | 22,347,000 |
| Allowance for loan losses | 201,000 | 197,000 | 225,000 | 326,000 |
| Securities available for sale | 3,451,000 | 2,919,000 | 3,260,000 | 3,648,000 |
| Securities held to maturity | 0 | 412,000 | 0 | 994,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 23,201,000 | 22,972,000 | 23,304,000 | 26,359,000 |
| Interest-bearing deposits | 19,665,000 | 19,575,000 | 19,726,000 | 21,324,000 |
| Noninterest-bearing deposits | 3,536,000 | 3,396,000 | 3,577,000 | 5,034,000 |
| Equity capital | 3,070,000 | 3,085,000 | 3,181,000 | 3,149,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 382,000 | 761,000 | 1,155,000 | 1,569,000 |
| Interest expense | 73,000 | 150,000 | 226,000 | 305,000 |
| Net interest income | 309,000 | 611,000 | 929,000 | 1,264,000 |
| Noninterest income | 51,000 | 90,000 | 126,000 | 165,000 |
| Noninterest expense | 205,000 | 395,000 | 603,000 | 843,000 |
| Provision for loan losses | 0 | 80,000 | 101,000 | 260,000 |
| Pretax income | 155,000 | 226,000 | 351,000 | 326,000 |
| Income tax | 57,000 | 77,000 | 118,000 | 103,000 |
| Net income | 98,000 | 149,000 | 233,000 | 223,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,007,000 | 3,058,000 | 3,142,000 | 3,132,000 |
| Total capital | 3,208,000 | 3,255,000 | 3,367,000 | 3,452,000 |
| Risk-weighted assets | 22,055,000 | 24,444,000 | 25,478,000 | 25,616,000 |