Call reports 2003
FARMERS AND MERCHANTS BANK OF SOUTH CAROLINA — 2003
What FARMERS AND MERCHANTS BANK OF SOUTH CAROLINA 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 | 175,764,000 | 169,834,000 | 170,209,000 | 192,341,000 |
| Total loans | 97,482,000 | 100,027,000 | 103,417,000 | 104,999,000 |
| Allowance for loan losses | 1,671,000 | 1,631,000 | 1,594,000 | 1,619,000 |
| Securities available for sale | 26,477,000 | 23,104,000 | 32,013,000 | 35,712,000 |
| Securities held to maturity | 1,670,000 | 1,470,000 | 1,300,000 | 1,200,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 148,424,000 | 142,272,000 | 142,072,000 | 164,402,000 |
| Interest-bearing deposits | 118,130,000 | 112,698,000 | 110,413,000 | 138,035,000 |
| Noninterest-bearing deposits | 30,294,000 | 29,574,000 | 31,659,000 | 26,367,000 |
| Equity capital | 26,280,000 | 26,508,000 | 26,998,000 | 26,760,000 |
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 | 2,090,000 | 4,120,000 | 6,107,000 | 8,112,000 |
| Interest expense | 445,000 | 856,000 | 1,199,000 | 1,530,000 |
| Net interest income | 1,645,000 | 3,264,000 | 4,908,000 | 6,582,000 |
| Noninterest income | 713,000 | 1,441,000 | 2,156,000 | 2,990,000 |
| Noninterest expense | 1,387,000 | 2,883,000 | 4,193,000 | 5,996,000 |
| Provision for loan losses | 40,000 | 80,000 | 120,000 | 250,000 |
| Pretax income | 931,000 | 1,744,000 | 2,753,000 | 3,328,000 |
| Income tax | 295,000 | 560,000 | 915,000 | 1,047,000 |
| Net income | 636,000 | 1,184,000 | 1,838,000 | 2,281,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 25,660,000 | 25,880,000 | 26,545,000 | 26,348,000 |
| Total capital | 26,927,000 | 27,173,000 | 27,877,000 | 27,775,000 |
| Risk-weighted assets | 100,995,000 | 103,135,000 | 106,297,000 | 113,960,000 |