Call reports 2021
FIRST FARMERS & MERCHANTS STATE BANK OF GRAND MEADOW — 2021
What FIRST FARMERS & MERCHANTS STATE BANK OF GRAND MEADOW reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 77,903,000 | 78,083,000 | 79,196,000 | 82,683,000 |
| Total loans | 52,945,000 | 52,360,000 | 52,920,000 | 57,452,000 |
| Allowance for loan losses | 1,238,000 | 1,135,000 | 1,202,000 | 1,202,000 |
| Securities available for sale | 11,164,000 | 10,665,000 | 11,705,000 | 12,830,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 67,116,000 | 69,168,000 | 68,813,000 | 72,302,000 |
| Interest-bearing deposits | 53,583,000 | 54,924,000 | 55,898,000 | 59,691,000 |
| Noninterest-bearing deposits | 13,533,000 | 14,244,000 | 12,915,000 | 12,611,000 |
| Equity capital | 6,792,000 | 6,961,000 | 7,263,000 | 7,306,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 717,000 | 1,664,000 | 2,765,000 | 3,430,000 |
| Interest expense | 85,000 | 147,000 | 195,000 | 240,000 |
| Net interest income | 632,000 | 1,517,000 | 2,570,000 | 3,190,000 |
| Noninterest income | 49,000 | 99,000 | 172,000 | 253,000 |
| Noninterest expense | 496,000 | 1,024,000 | 1,533,000 | 2,046,000 |
| Provision for loan losses | 60,000 | 238,000 | 298,000 | 298,000 |
| Pretax income | 125,000 | 354,000 | 911,000 | 1,104,000 |
| Income tax | 1,000 | 0 | 0 | 1,000 |
| Net income | 124,000 | 354,000 | 911,000 | 1,103,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,893,000 | 7,060,000 | 7,321,000 | 7,513,000 |
| Total capital | 7,593,000 | 7,757,000 | 8,036,000 | 8,301,000 |
| Risk-weighted assets | 55,480,000 | 55,329,000 | 56,732,000 | 62,620,000 |