Call reports 2007
FARMERS & MERCHANTS STATE BANK — 2007
What FARMERS & MERCHANTS STATE BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 40,488,000 | 41,115,000 | 40,740,000 | 41,591,000 |
| Total loans | 34,489,000 | 33,393,000 | 33,472,000 | 34,787,000 |
| Allowance for loan losses | 478,000 | 492,000 | 493,000 | 494,000 |
| Securities available for sale | 2,798,000 | 3,300,000 | 3,314,000 | 2,323,000 |
| Securities held to maturity | 520,000 | 520,000 | 420,000 | 420,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 35,127,000 | 35,582,000 | 34,341,000 | 35,231,000 |
| Interest-bearing deposits | 30,775,000 | 31,476,000 | 30,061,000 | 29,790,000 |
| Noninterest-bearing deposits | 4,352,000 | 4,106,000 | 4,280,000 | 5,441,000 |
| Equity capital | 3,969,000 | 4,113,000 | 4,296,000 | 4,425,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 773,000 | 1,580,000 | 2,395,000 | 3,184,000 |
| Interest expense | 305,000 | 630,000 | 962,000 | 1,274,000 |
| Net interest income | 468,000 | 950,000 | 1,433,000 | 1,910,000 |
| Noninterest income | 33,000 | 77,000 | 122,000 | 174,000 |
| Noninterest expense | 214,000 | 393,000 | 605,000 | 908,000 |
| Provision for loan losses | 21,000 | 34,000 | 37,000 | 37,000 |
| Pretax income | 266,000 | 600,000 | 913,000 | 1,139,000 |
| Income tax | 101,000 | 187,000 | 330,000 | 424,000 |
| Net income | 165,000 | 413,000 | 583,000 | 715,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,969,000 | 4,113,000 | 4,296,000 | 4,425,000 |
| Total capital | 4,430,000 | 4,560,000 | 4,748,000 | 4,889,000 |
| Risk-weighted assets | 36,825,000 | 35,800,000 | 36,082,000 | 37,110,000 |