Call reports 2019
FIRST FARMERS & MERCHANTS STATE BANK OF GRAND MEADOW — 2019
What FIRST FARMERS & MERCHANTS STATE BANK OF GRAND MEADOW reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 68,288,000 | 68,337,000 | 71,115,000 | 73,181,000 |
| Total loans | 54,394,000 | 54,372,000 | 54,578,000 | 55,688,000 |
| Allowance for loan losses | 774,000 | 748,000 | 719,000 | 749,000 |
| Securities available for sale | 5,236,000 | 5,263,000 | 3,763,000 | 4,793,000 |
| Securities held to maturity | 195,000 | 195,000 | 195,000 | 170,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 54,303,000 | 54,811,000 | 57,579,000 | 59,771,000 |
| Interest-bearing deposits | 46,989,000 | 47,771,000 | 49,824,000 | 51,633,000 |
| Noninterest-bearing deposits | 7,314,000 | 7,040,000 | 7,755,000 | 8,138,000 |
| Equity capital | 7,511,000 | 7,522,000 | 7,536,000 | 7,663,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 803,000 | 1,628,000 | 2,486,000 | 3,338,000 |
| Interest expense | 151,000 | 323,000 | 505,000 | 698,000 |
| Net interest income | 652,000 | 1,305,000 | 1,981,000 | 2,640,000 |
| Noninterest income | 44,000 | 94,000 | 90,000 | 134,000 |
| Noninterest expense | 476,000 | 959,000 | 1,456,000 | 1,969,000 |
| Provision for loan losses | 10,000 | 25,000 | 45,000 | 75,000 |
| Pretax income | 210,000 | 415,000 | 570,000 | 730,000 |
| Income tax | 0 | 0 | 0 | 1,000 |
| Net income | 210,000 | 415,000 | 570,000 | 729,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,543,000 | 7,521,000 | 7,531,000 | 7,663,000 |
| Total capital | 8,247,000 | 8,237,000 | 8,250,000 | 8,405,000 |
| Risk-weighted assets | 56,254,000 | 57,272,000 | 58,335,000 | 59,329,000 |