Call reports 2003
FARMERS AND MERCHANTS BANK OF ASHLAND — 2003
What FARMERS AND MERCHANTS BANK OF ASHLAND 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 | 41,546,000 | 42,731,000 | 44,621,000 | 44,809,000 |
| Total loans | 30,777,000 | 32,000,000 | 33,387,000 | 34,307,000 |
| Allowance for loan losses | 231,000 | 237,000 | 230,000 | 224,000 |
| Securities available for sale | 4,927,000 | 4,647,000 | 4,591,000 | 3,785,000 |
| Securities held to maturity | 2,565,000 | 2,650,000 | 2,795,000 | 2,725,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 34,825,000 | 36,871,000 | 35,709,000 | 35,898,000 |
| Interest-bearing deposits | 28,590,000 | 29,562,000 | 28,824,000 | 28,986,000 |
| Noninterest-bearing deposits | 6,235,000 | 7,309,000 | 6,885,000 | 6,912,000 |
| Equity capital | 5,334,000 | 5,452,000 | 5,477,000 | 5,539,000 |
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 | 647,000 | 1,292,000 | 1,959,000 | 2,613,000 |
| Interest expense | 127,000 | 248,000 | 365,000 | 492,000 |
| Net interest income | 520,000 | 1,044,000 | 1,594,000 | 2,121,000 |
| Noninterest income | 84,000 | 163,000 | 238,000 | 331,000 |
| Noninterest expense | 445,000 | 856,000 | 1,236,000 | 1,742,000 |
| Provision for loan losses | 6,000 | 12,000 | 18,000 | 30,000 |
| Pretax income | 153,000 | 339,000 | 578,000 | 680,000 |
| Income tax | 30,000 | 118,000 | 192,000 | 220,000 |
| Net income | 123,000 | 221,000 | 386,000 | 460,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,223,000 | 5,320,000 | 5,381,000 | 5,455,000 |
| Total capital | 5,454,000 | 5,557,000 | 5,611,000 | 5,679,000 |
| Risk-weighted assets | 31,917,000 | 32,795,000 | 34,536,000 | 34,601,000 |