Call reports 2003
FARMERS & MERCHANTS STATE BANK — 2003
What FARMERS & MERCHANTS STATE BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 34,937,000 | 36,486,000 | 34,457,000 | 35,830,000 |
| Total loans | 28,371,000 | 28,810,000 | 28,642,000 | 28,490,000 |
| Allowance for loan losses | 332,000 | 313,000 | 348,000 | 433,000 |
| Securities available for sale | 4,235,000 | 5,674,000 | 3,514,000 | 4,950,000 |
| Securities held to maturity | 45,000 | 0 | 0 | 420,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 31,043,000 | 32,878,000 | 30,994,000 | 31,276,000 |
| Interest-bearing deposits | 28,142,000 | 29,988,000 | 26,972,000 | 26,905,000 |
| Noninterest-bearing deposits | 2,901,000 | 2,890,000 | 4,022,000 | 4,371,000 |
| Equity capital | 2,843,000 | 2,913,000 | 3,047,000 | 3,106,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 512,000 | 1,046,000 | 1,520,000 | 2,006,000 |
| Interest expense | 181,000 | 361,000 | 509,000 | 648,000 |
| Net interest income | 331,000 | 685,000 | 1,011,000 | 1,358,000 |
| Noninterest income | 36,000 | 75,000 | 116,000 | 154,000 |
| Noninterest expense | 181,000 | 353,000 | 534,000 | 718,000 |
| Provision for loan losses | 22,000 | 112,000 | 147,000 | 239,000 |
| Pretax income | 164,000 | 295,000 | 446,000 | 555,000 |
| Income tax | 53,000 | 114,000 | 134,000 | 184,000 |
| Net income | 111,000 | 181,000 | 312,000 | 371,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,839,000 | 2,909,000 | 3,040,000 | 3,099,000 |
| Total capital | 3,171,000 | 3,222,000 | 3,388,000 | 3,483,000 |
| Risk-weighted assets | 29,620,000 | 30,222,000 | 29,777,000 | 29,915,000 |