Call reports 2008
FIRST FARMERS & MERCHANTS STATE BANK OF GRAND MEADOW — 2008
What FIRST FARMERS & MERCHANTS STATE BANK OF GRAND MEADOW reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 30,961,000 | 34,309,000 | 33,443,000 | 34,315,000 |
| Total loans | 23,364,000 | 25,716,000 | 24,749,000 | 22,849,000 |
| Allowance for loan losses | 517,000 | 528,000 | 452,000 | 373,000 |
| Securities available for sale | 6,035,000 | 5,899,000 | 5,596,000 | 4,252,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 23,764,000 | 25,035,000 | 24,280,000 | 27,885,000 |
| Interest-bearing deposits | 19,702,000 | 20,733,000 | 19,837,000 | 22,056,000 |
| Noninterest-bearing deposits | 4,061,000 | 4,301,000 | 4,443,000 | 5,828,000 |
| Equity capital | 4,458,000 | 5,349,000 | 5,364,000 | 5,251,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 486,000 | 962,000 | 1,436,000 | 1,871,000 |
| Interest expense | 152,000 | 275,000 | 410,000 | 540,000 |
| Net interest income | 334,000 | 687,000 | 1,026,000 | 1,331,000 |
| Noninterest income | 27,000 | 68,000 | 103,000 | 137,000 |
| Noninterest expense | 364,000 | 735,000 | 1,082,000 | 1,498,000 |
| Provision for loan losses | 9,000 | 18,000 | 43,000 | 73,000 |
| Pretax income | -12,000 | 2,000 | 4,000 | -103,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -12,000 | 2,000 | 4,000 | -103,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,322,000 | 5,336,000 | 5,338,000 | 5,231,000 |
| Total capital | 4,655,000 | 5,700,000 | 5,692,000 | 5,568,000 |
| Risk-weighted assets | 26,415,000 | 29,193,000 | 28,226,000 | 26,953,000 |