Call reports 2004
FARMERS AND MERCHANTS BANK OF ASHLAND — 2004
What FARMERS AND MERCHANTS BANK OF ASHLAND reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 45,873,000 | 47,500,000 | 47,776,000 | 50,436,000 |
| Total loans | 35,219,000 | 37,332,000 | 38,645,000 | 41,673,000 |
| Allowance for loan losses | 236,000 | 229,000 | 358,000 | 414,000 |
| Securities available for sale | 3,114,000 | 2,821,000 | 2,329,000 | 2,292,000 |
| Securities held to maturity | 2,575,000 | 2,130,000 | 2,130,000 | 2,055,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 37,896,000 | 39,464,000 | 39,410,000 | 38,726,000 |
| Interest-bearing deposits | 30,461,000 | 31,555,000 | 31,617,000 | 30,981,000 |
| Noninterest-bearing deposits | 7,435,000 | 7,909,000 | 7,793,000 | 7,745,000 |
| Equity capital | 5,569,000 | 5,596,000 | 5,595,000 | 5,648,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 657,000 | 1,316,000 | 1,987,000 | 2,704,000 |
| Interest expense | 120,000 | 245,000 | 375,000 | 510,000 |
| Net interest income | 537,000 | 1,071,000 | 1,612,000 | 2,194,000 |
| Noninterest income | 106,000 | 206,000 | 315,000 | 418,000 |
| Noninterest expense | 431,000 | 914,000 | 1,306,000 | 1,879,000 |
| Provision for loan losses | 12,000 | 42,000 | 172,000 | 247,000 |
| Pretax income | 200,000 | 321,000 | 449,000 | 486,000 |
| Income tax | 53,000 | 105,000 | 130,000 | 98,000 |
| Net income | 147,000 | 216,000 | 319,000 | 388,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,487,000 | 5,556,000 | 5,554,000 | 5,623,000 |
| Total capital | 5,723,000 | 5,785,000 | 5,912,000 | 6,037,000 |
| Risk-weighted assets | 35,101,000 | 36,834,000 | 38,267,000 | 41,374,000 |