Call reports 2008
FARMERS & MERCHANTS STATE BANK — 2008
What FARMERS & MERCHANTS STATE BANK 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 | 42,037,000 | 43,251,000 | 44,541,000 | 43,409,000 |
| Total loans | 33,574,000 | 33,658,000 | 36,020,000 | 35,540,000 |
| Allowance for loan losses | 509,000 | 511,000 | 521,000 | 537,000 |
| Securities available for sale | 2,696,000 | 4,881,000 | 4,403,000 | 3,948,000 |
| Securities held to maturity | 420,000 | 420,000 | 300,000 | 300,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 36,631,000 | 37,773,000 | 37,525,000 | 37,718,000 |
| Interest-bearing deposits | 31,545,000 | 33,169,000 | 32,244,000 | 32,071,000 |
| Noninterest-bearing deposits | 5,086,000 | 4,604,000 | 5,281,000 | 5,647,000 |
| Equity capital | 4,487,000 | 4,553,000 | 4,642,000 | 4,761,000 |
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 | 726,000 | 1,386,000 | 2,063,000 | 2,731,000 |
| Interest expense | 305,000 | 573,000 | 825,000 | 1,057,000 |
| Net interest income | 421,000 | 813,000 | 1,238,000 | 1,674,000 |
| Noninterest income | 37,000 | 75,000 | 131,000 | 185,000 |
| Noninterest expense | 214,000 | 426,000 | 630,000 | 845,000 |
| Provision for loan losses | 14,000 | 14,000 | 24,000 | 39,000 |
| Pretax income | 232,000 | 457,000 | 724,000 | 984,000 |
| Income tax | 82,000 | 117,000 | 211,000 | 293,000 |
| Net income | 150,000 | 340,000 | 513,000 | 691,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,468,000 | 4,559,000 | 4,632,000 | 4,710,000 |
| Total capital | 4,919,000 | 5,013,000 | 5,116,000 | 5,185,000 |
| Risk-weighted assets | 36,089,000 | 36,235,000 | 38,632,000 | 37,926,000 |