Call reports 2022
FIRST FARMERS & MERCHANTS STATE BANK OF GRAND MEADOW — 2022
What FIRST FARMERS & MERCHANTS STATE BANK OF GRAND MEADOW reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 89,081,000 | 89,883,000 | 89,023,000 | 97,650,000 |
| Total loans | 58,042,000 | 61,059,000 | 62,087,000 | 64,295,000 |
| Allowance for loan losses | 1,212,000 | 1,212,000 | 1,032,000 | 929,000 |
| Securities available for sale | 13,772,000 | 13,470,000 | 13,570,000 | 14,184,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 80,164,000 | 80,983,000 | 81,649,000 | 89,417,000 |
| Interest-bearing deposits | 67,914,000 | 68,613,000 | 69,072,000 | 74,935,000 |
| Noninterest-bearing deposits | 12,250,000 | 12,370,000 | 12,577,000 | 14,482,000 |
| Equity capital | 6,908,000 | 6,957,000 | 5,439,000 | 6,277,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 674,000 | 1,671,000 | 2,513,000 | 3,809,000 |
| Interest expense | 35,000 | 68,000 | 114,000 | 216,000 |
| Net interest income | 639,000 | 1,603,000 | 2,399,000 | 3,593,000 |
| Noninterest income | 46,000 | 98,000 | 147,000 | 199,000 |
| Noninterest expense | 527,000 | 1,058,000 | 1,621,000 | 2,244,000 |
| Provision for loan losses | 0 | 0 | -180,000 | -280,000 |
| Pretax income | 158,000 | 643,000 | 1,105,000 | 1,828,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 158,000 | 643,000 | 1,105,000 | 1,828,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,671,000 | 8,021,000 | 6,900,000 | 7,623,000 |
| Total capital | 8,458,000 | 8,844,000 | 7,744,000 | 8,480,000 |
| Risk-weighted assets | 62,530,000 | 65,428,000 | 67,318,000 | 68,523,000 |