Call reports 2010
FIRST FARMERS & MERCHANTS STATE BANK OF GRAND MEADOW — 2010
What FIRST FARMERS & MERCHANTS STATE BANK OF GRAND MEADOW reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 35,477,000 | 34,963,000 | 36,526,000 | 40,584,000 |
| Total loans | 25,787,000 | 25,361,000 | 24,316,000 | 24,168,000 |
| Allowance for loan losses | 371,000 | 384,000 | 386,000 | 292,000 |
| Securities available for sale | 7,170,000 | 6,264,000 | 7,461,000 | 6,767,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 28,399,000 | 27,471,000 | 28,862,000 | 32,992,000 |
| Interest-bearing deposits | 24,435,000 | 23,578,000 | 24,465,000 | 27,320,000 |
| Noninterest-bearing deposits | 3,963,000 | 3,894,000 | 4,397,000 | 5,673,000 |
| Equity capital | 4,819,000 | 4,990,000 | 5,073,000 | 5,058,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 439,000 | 900,000 | 1,366,000 | 1,805,000 |
| Interest expense | 83,000 | 161,000 | 243,000 | 313,000 |
| Net interest income | 356,000 | 739,000 | 1,123,000 | 1,492,000 |
| Noninterest income | 38,000 | 77,000 | 125,000 | 390,000 |
| Noninterest expense | 319,000 | 641,000 | 984,000 | 1,319,000 |
| Provision for loan losses | 28,000 | 39,000 | 167,000 | 290,000 |
| Pretax income | 47,000 | 136,000 | 97,000 | 273,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 47,000 | 136,000 | 97,000 | 273,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,742,000 | 4,814,000 | 4,761,000 | 4,927,000 |
| Total capital | 5,101,000 | 5,171,000 | 5,115,000 | 5,219,000 |
| Risk-weighted assets | 28,727,000 | 28,564,000 | 28,332,000 | 28,986,000 |