Call reports 2024
FIRST FARMERS & MERCHANTS STATE BANK OF GRAND MEADOW — 2024
What FIRST FARMERS & MERCHANTS STATE BANK OF GRAND MEADOW reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 91,069,000 | 90,786,000 | 87,755,000 | 96,502,000 |
| Total loans | 70,443,000 | 70,362,000 | 67,459,000 | 68,771,000 |
| Allowance for loan losses | 797,000 | 760,000 | 760,000 | 760,000 |
| Securities available for sale | 13,181,000 | 13,273,000 | 12,295,000 | 11,972,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 74,320,000 | 72,673,000 | 77,863,000 | 86,442,000 |
| Interest-bearing deposits | 60,628,000 | 60,688,000 | 66,507,000 | 73,160,000 |
| Noninterest-bearing deposits | 13,692,000 | 11,985,000 | 11,356,000 | 13,282,000 |
| Equity capital | 7,156,000 | 7,231,000 | 7,396,000 | 7,470,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 1,193,000 | 2,422,000 | 3,662,000 | 4,952,000 |
| Interest expense | 365,000 | 815,000 | 1,295,000 | 1,749,000 |
| Net interest income | 828,000 | 1,607,000 | 2,367,000 | 3,203,000 |
| Noninterest income | 50,000 | 100,000 | 135,000 | 177,000 |
| Noninterest expense | 576,000 | 1,191,000 | 1,798,000 | 2,387,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 302,000 | 516,000 | 704,000 | 983,000 |
| Income tax | 129,000 | 233,000 | 329,000 | 334,000 |
| Net income | 173,000 | 283,000 | 375,000 | 649,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,109,000 | 8,118,000 | 8,110,000 | 8,184,000 |
| Total capital | 8,908,000 | 8,879,000 | 8,871,000 | 8,955,000 |
| Risk-weighted assets | 75,411,000 | 74,343,000 | 71,929,000 | 72,670,000 |