Call reports 2020
FIRST FARMERS & MERCHANTS STATE BANK OF GRAND MEADOW — 2020
What FIRST FARMERS & MERCHANTS STATE BANK OF GRAND MEADOW reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 70,807,000 | 72,947,000 | 72,639,000 | 78,328,000 |
| Total loans | 54,175,000 | 55,927,000 | 54,903,000 | 51,770,000 |
| Allowance for loan losses | 777,000 | 852,000 | 751,000 | 1,178,000 |
| Securities available for sale | 4,856,000 | 4,379,000 | 4,366,000 | 8,336,000 |
| Securities held to maturity | 137,000 | 137,000 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 57,509,000 | 60,392,000 | 60,702,000 | 66,857,000 |
| Interest-bearing deposits | 50,491,000 | 51,208,000 | 51,292,000 | 56,230,000 |
| Noninterest-bearing deposits | 7,018,000 | 9,184,000 | 9,410,000 | 10,627,000 |
| Equity capital | 7,670,000 | 7,715,000 | 7,189,000 | 6,825,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 797,000 | 1,544,000 | 2,273,000 | 3,039,000 |
| Interest expense | 176,000 | 312,000 | 427,000 | 533,000 |
| Net interest income | 621,000 | 1,232,000 | 1,846,000 | 2,506,000 |
| Noninterest income | 43,000 | 102,000 | 156,000 | 227,000 |
| Noninterest expense | 501,000 | 1,018,000 | 1,521,000 | 2,003,000 |
| Provision for loan losses | 130,000 | 199,000 | 782,000 | 1,368,000 |
| Pretax income | 33,000 | 117,000 | -301,000 | -638,000 |
| Income tax | 0 | 0 | 0 | 1,000 |
| Net income | 33,000 | 117,000 | -301,000 | -639,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,603,000 | 7,622,000 | 7,107,000 | 6,769,000 |
| Total capital | 8,348,000 | 8,344,000 | 7,814,000 | 7,474,000 |
| Risk-weighted assets | 59,547,000 | 57,637,000 | 56,478,000 | 55,930,000 |