Call reports 2023
FIRST FARMERS & MERCHANTS STATE BANK OF GRAND MEADOW — 2023
What FIRST FARMERS & MERCHANTS STATE BANK OF GRAND MEADOW reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 92,883,000 | 91,956,000 | 92,063,000 | 93,293,000 |
| Total loans | 63,255,000 | 63,234,000 | 64,585,000 | 68,228,000 |
| Allowance for loan losses | 798,000 | 796,000 | 796,000 | 797,000 |
| Securities available for sale | 14,897,000 | 14,752,000 | 14,800,000 | 14,633,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 84,862,000 | 83,864,000 | 83,913,000 | 84,569,000 |
| Interest-bearing deposits | 71,403,000 | 72,092,000 | 71,064,000 | 68,717,000 |
| Noninterest-bearing deposits | 13,459,000 | 11,772,000 | 12,849,000 | 15,852,000 |
| Equity capital | 6,592,000 | 6,639,000 | 6,641,000 | 7,149,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 1,032,000 | 2,120,000 | 3,263,000 | 4,409,000 |
| Interest expense | 192,000 | 429,000 | 692,000 | 975,000 |
| Net interest income | 840,000 | 1,691,000 | 2,571,000 | 3,434,000 |
| Noninterest income | 53,000 | 108,000 | 163,000 | 219,000 |
| Noninterest expense | 583,000 | 1,154,000 | 1,739,000 | 2,333,000 |
| Provision for loan losses | 0 | -2,000 | -2,000 | -1,000 |
| Pretax income | 310,000 | 645,000 | 995,000 | 1,319,000 |
| Income tax | 0 | 0 | 0 | -384,000 |
| Net income | 310,000 | 645,000 | 995,000 | 1,703,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,724,000 | 7,914,000 | 7,867,000 | 8,136,000 |
| Total capital | 8,522,000 | 8,712,000 | 8,666,000 | 8,933,000 |
| Risk-weighted assets | 68,378,000 | 69,621,000 | 71,357,000 | 74,351,000 |