Call reports 2014
FIRST FARMERS & MERCHANTS STATE BANK OF GRAND MEADOW — 2014
What FIRST FARMERS & MERCHANTS STATE BANK OF GRAND MEADOW reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 49,814,000 | 51,674,000 | 52,682,000 | 54,798,000 |
| Total loans | 40,556,000 | 43,594,000 | 43,578,000 | 42,915,000 |
| Allowance for loan losses | 564,000 | 506,000 | 522,000 | 585,000 |
| Securities available for sale | 6,841,000 | 5,820,000 | 6,214,000 | 6,182,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 41,151,000 | 39,829,000 | 42,562,000 | 46,880,000 |
| Interest-bearing deposits | 32,278,000 | 32,947,000 | 35,461,000 | 36,543,000 |
| Noninterest-bearing deposits | 8,872,000 | 6,882,000 | 7,101,000 | 10,337,000 |
| Equity capital | 5,591,000 | 5,651,000 | 5,711,000 | 5,721,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 507,000 | 1,069,000 | 1,650,000 | 2,202,000 |
| Interest expense | 37,000 | 80,000 | 128,000 | 176,000 |
| Net interest income | 470,000 | 989,000 | 1,522,000 | 2,026,000 |
| Noninterest income | 33,000 | 67,000 | 102,000 | 144,000 |
| Noninterest expense | 362,000 | 726,000 | 1,118,000 | 1,532,000 |
| Provision for loan losses | 0 | 0 | 16,000 | 16,000 |
| Pretax income | 141,000 | 330,000 | 490,000 | 622,000 |
| Income tax | 0 | 0 | 1,000 | 1,000 |
| Net income | 141,000 | 330,000 | 489,000 | 621,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,398,000 | 5,480,000 | 5,557,000 | 5,575,000 |
| Total capital | 5,923,000 | 5,986,000 | 6,079,000 | 6,144,000 |
| Risk-weighted assets | 41,958,000 | 44,814,000 | 45,436,000 | 45,495,000 |