Call reports 2002
FARMERS AND MERCHANTS BANK OF SOUTH CAROLINA — 2002
What FARMERS AND MERCHANTS BANK OF SOUTH CAROLINA reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 172,419,000 | 167,983,000 | 165,397,000 | 185,954,000 |
| Total loans | 94,959,000 | 95,115,000 | 92,868,000 | 96,526,000 |
| Allowance for loan losses | 1,660,000 | 1,652,000 | 1,669,000 | 1,819,000 |
| Securities available for sale | 29,527,000 | 33,420,000 | 28,376,000 | 28,816,000 |
| Securities held to maturity | 2,860,000 | 2,230,000 | 2,145,000 | 2,045,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 147,143,000 | 141,881,000 | 138,246,000 | 159,355,000 |
| Interest-bearing deposits | 117,293,000 | 112,573,000 | 108,441,000 | 131,493,000 |
| Noninterest-bearing deposits | 29,850,000 | 29,308,000 | 29,805,000 | 27,862,000 |
| Equity capital | 24,365,000 | 25,112,000 | 26,086,000 | 25,610,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 2,532,000 | 4,962,000 | 7,293,000 | 9,458,000 |
| Interest expense | 692,000 | 1,263,000 | 1,801,000 | 2,291,000 |
| Net interest income | 1,840,000 | 3,699,000 | 5,492,000 | 7,167,000 |
| Noninterest income | 599,000 | 1,451,000 | 2,362,000 | 2,886,000 |
| Noninterest expense | 1,322,000 | 2,732,000 | 4,061,000 | 5,746,000 |
| Provision for loan losses | 40,000 | 80,000 | 120,000 | 300,000 |
| Pretax income | 1,077,000 | 2,341,000 | 3,682,000 | 4,016,000 |
| Income tax | 325,000 | 752,000 | 1,229,000 | 1,329,000 |
| Net income | 752,000 | 1,589,000 | 2,453,000 | 2,687,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 24,035,000 | 24,545,000 | 25,419,000 | 25,012,000 |
| Total capital | 25,313,000 | 25,799,000 | 26,641,000 | 26,330,000 |
| Risk-weighted assets | 101,862,000 | 99,954,000 | 97,298,000 | 104,954,000 |