Call reports 2008
FARMERS AND MERCHANTS STATE BANK OF ALPHA — 2008
What FARMERS AND MERCHANTS STATE BANK OF ALPHA reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 25,320,000 | 25,033,000 | 25,235,000 | 28,302,000 |
| Total loans | 18,823,000 | 19,415,000 | 19,765,000 | 19,708,000 |
| Allowance for loan losses | 327,000 | 327,000 | 321,000 | 317,000 |
| Securities available for sale | 2,535,000 | 2,634,000 | 2,624,000 | 3,554,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 22,351,000 | 22,024,000 | 22,172,000 | 23,286,000 |
| Interest-bearing deposits | 19,361,000 | 19,275,000 | 19,829,000 | 20,284,000 |
| Noninterest-bearing deposits | 2,990,000 | 2,749,000 | 2,342,000 | 3,002,000 |
| Equity capital | 2,873,000 | 2,891,000 | 2,921,000 | 2,989,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 414,000 | 810,000 | 1,219,000 | 1,626,000 |
| Interest expense | 196,000 | 370,000 | 535,000 | 695,000 |
| Net interest income | 218,000 | 440,000 | 684,000 | 931,000 |
| Noninterest income | 34,000 | 74,000 | 111,000 | 146,000 |
| Noninterest expense | 192,000 | 385,000 | 573,000 | 789,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 60,000 | 129,000 | 222,000 | 288,000 |
| Income tax | 23,000 | 49,000 | 83,000 | 111,000 |
| Net income | 37,000 | 80,000 | 139,000 | 177,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,850,000 | 2,892,000 | 2,912,000 | 2,951,000 |
| Total capital | 3,088,000 | 3,133,000 | 3,158,000 | 3,203,000 |
| Risk-weighted assets | 18,935,000 | 19,197,000 | 19,589,000 | 20,098,000 |