Call reports 2004
FARMERS AND MERCHANTS BANK OF SOUTH CAROLINA — 2004
What FARMERS AND MERCHANTS BANK OF SOUTH CAROLINA 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 | 192,907,000 | 179,375,000 | 182,911,000 | 207,671,000 |
| Total loans | 105,840,000 | 107,440,000 | 110,484,000 | 112,899,000 |
| Allowance for loan losses | 1,634,000 | 1,788,000 | 1,688,000 | 1,798,000 |
| Securities available for sale | 33,408,000 | 43,754,000 | 43,328,000 | 43,397,000 |
| Securities held to maturity | 750,000 | 300,000 | 300,000 | 175,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 164,128,000 | 150,863,000 | 153,139,000 | 178,363,000 |
| Interest-bearing deposits | 132,518,000 | 118,607,000 | 121,007,000 | 145,619,000 |
| Noninterest-bearing deposits | 31,610,000 | 32,256,000 | 32,132,000 | 32,744,000 |
| Equity capital | 27,473,000 | 27,122,000 | 28,227,000 | 27,993,000 |
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 | 2,028,000 | 4,046,000 | 6,123,000 | 8,301,000 |
| Interest expense | 326,000 | 643,000 | 970,000 | 1,325,000 |
| Net interest income | 1,702,000 | 3,403,000 | 5,153,000 | 6,976,000 |
| Noninterest income | 731,000 | 1,467,000 | 2,227,000 | 2,911,000 |
| Noninterest expense | 1,493,000 | 2,922,000 | 4,448,000 | 5,966,000 |
| Provision for loan losses | 40,000 | 80,000 | 120,000 | 250,000 |
| Pretax income | 908,000 | 1,879,000 | 2,823,000 | 3,685,000 |
| Income tax | 294,000 | 622,000 | 942,000 | 1,233,000 |
| Net income | 614,000 | 1,257,000 | 1,881,000 | 2,452,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 26,334,000 | 26,661,000 | 27,305,000 | 27,223,000 |
| Total capital | 27,764,000 | 28,080,000 | 28,763,000 | 28,763,000 |
| Risk-weighted assets | 114,180,000 | 113,156,000 | 116,437,000 | 122,918,000 |