Call reports 2007
FIRST FARMERS & MERCHANTS STATE BANK OF GRAND MEADOW — 2007
What FIRST FARMERS & MERCHANTS STATE BANK OF GRAND MEADOW reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 28,972,000 | 27,125,000 | 28,809,000 | 31,415,000 |
| Total loans | 18,853,000 | 18,388,000 | 20,780,000 | 21,841,000 |
| Allowance for loan losses | 452,000 | 467,000 | 482,000 | 506,000 |
| Securities available for sale | 7,291,000 | 7,022,000 | 6,532,000 | 7,062,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 25,119,000 | 23,356,000 | 23,256,000 | 26,391,000 |
| Interest-bearing deposits | 20,594,000 | 19,772,000 | 19,817,000 | 21,768,000 |
| Noninterest-bearing deposits | 4,525,000 | 3,584,000 | 3,439,000 | 4,622,000 |
| Equity capital | 3,315,000 | 3,263,000 | 3,339,000 | 4,397,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 511,000 | 996,000 | 1,491,000 | 1,998,000 |
| Interest expense | 164,000 | 326,000 | 495,000 | 655,000 |
| Net interest income | 347,000 | 670,000 | 996,000 | 1,343,000 |
| Noninterest income | 26,000 | 68,000 | 125,000 | 162,000 |
| Noninterest expense | 318,000 | 686,000 | 1,041,000 | 1,381,000 |
| Provision for loan losses | 15,000 | 30,000 | 45,000 | 60,000 |
| Pretax income | 40,000 | 22,000 | 35,000 | 64,000 |
| Income tax | -15,000 | -26,000 | -26,000 | -13,000 |
| Net income | 55,000 | 48,000 | 61,000 | 77,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,312,000 | 3,322,000 | 3,335,000 | 4,351,000 |
| Total capital | 3,587,000 | 3,589,000 | 3,640,000 | 4,670,000 |
| Risk-weighted assets | 21,843,000 | 21,233,000 | 24,196,000 | 25,310,000 |