Call reports 2014
FARMERS AND MERCHANTS STATE BANK OF ALPHA — 2014
What FARMERS AND MERCHANTS STATE BANK OF ALPHA reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 34,217,000 | 34,587,000 | 36,819,000 | 38,839,000 |
| Total loans | 21,568,000 | 21,607,000 | 22,367,000 | 22,266,000 |
| Allowance for loan losses | 373,000 | 386,000 | 386,000 | 336,000 |
| Securities available for sale | 2,521,000 | 2,896,000 | 2,898,000 | 2,881,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 30,550,000 | 30,877,000 | 33,029,000 | 35,032,000 |
| Interest-bearing deposits | 26,948,000 | 27,377,000 | 29,246,000 | 25,777,000 |
| Noninterest-bearing deposits | 3,602,000 | 3,500,000 | 3,783,000 | 9,255,000 |
| Equity capital | 3,625,000 | 3,684,000 | 3,723,000 | 3,753,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 310,000 | 630,000 | 959,000 | 1,253,000 |
| Interest expense | 42,000 | 84,000 | 126,000 | 164,000 |
| Net interest income | 268,000 | 546,000 | 833,000 | 1,089,000 |
| Noninterest income | 25,000 | 58,000 | 94,000 | 127,000 |
| Noninterest expense | 228,000 | 451,000 | 638,000 | 868,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 67,000 | 156,000 | 292,000 | 351,000 |
| Income tax | 24,000 | 56,000 | 110,000 | 132,000 |
| Net income | 43,000 | 100,000 | 182,000 | 219,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,627,000 | 3,680,000 | 3,717,000 | 3,754,000 |
| Total capital | 3,888,000 | 3,945,000 | 3,993,000 | 4,030,000 |
| Risk-weighted assets | 20,801,000 | 21,097,000 | 21,990,000 | 22,009,000 |