Call reports 2008
FARMERS AND MERCHANTS BANK OF ASHLAND — 2008
What FARMERS AND MERCHANTS BANK OF ASHLAND 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 | 62,344,000 | 63,579,000 | 63,435,000 | 60,972,000 |
| Total loans | 52,334,000 | 53,250,000 | 53,922,000 | 52,798,000 |
| Allowance for loan losses | 618,000 | 605,000 | 613,000 | 630,000 |
| Securities available for sale | 1,824,000 | 1,425,000 | 2,381,000 | 2,458,000 |
| Securities held to maturity | 705,000 | 495,000 | 495,000 | 240,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 46,569,000 | 46,348,000 | 43,466,000 | 41,729,000 |
| Interest-bearing deposits | 37,868,000 | 36,875,000 | 35,395,000 | 33,843,000 |
| Noninterest-bearing deposits | 8,701,000 | 9,473,000 | 8,071,000 | 7,886,000 |
| Equity capital | 6,505,000 | 6,613,000 | 6,644,000 | 6,455,000 |
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 | 974,000 | 1,892,000 | 2,812,000 | 3,638,000 |
| Interest expense | 344,000 | 633,000 | 919,000 | 1,204,000 |
| Net interest income | 630,000 | 1,259,000 | 1,893,000 | 2,434,000 |
| Noninterest income | 99,000 | 170,000 | 258,000 | 347,000 |
| Noninterest expense | 546,000 | 1,054,000 | 1,567,000 | 2,101,000 |
| Provision for loan losses | 0 | 0 | 15,000 | 530,000 |
| Pretax income | 213,000 | 410,000 | 604,000 | 182,000 |
| Income tax | 78,000 | 148,000 | 210,000 | 34,000 |
| Net income | 135,000 | 262,000 | 394,000 | 148,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,495,000 | 6,622,000 | 6,649,000 | 6,403,000 |
| Total capital | 7,110,000 | 7,227,000 | 7,262,000 | 7,012,000 |
| Risk-weighted assets | 49,201,000 | 49,851,000 | 49,901,000 | 48,698,000 |