Call reports 2008
FARMERS AND MERCHANTS BANK OF SOUTH CAROLINA — 2008
What FARMERS AND MERCHANTS BANK OF SOUTH CAROLINA 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 | 228,253,000 | 216,387,000 | 214,503,000 | 254,511,000 |
| Total loans | 115,860,000 | 117,832,000 | 124,778,000 | 126,255,000 |
| Allowance for loan losses | 2,400,000 | 2,411,000 | 2,404,000 | 2,620,000 |
| Securities available for sale | 51,206,000 | 55,161,000 | 54,177,000 | 49,556,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 189,331,000 | 177,483,000 | 174,302,000 | 215,309,000 |
| Interest-bearing deposits | 149,976,000 | 140,481,000 | 139,955,000 | 181,043,000 |
| Noninterest-bearing deposits | 39,355,000 | 37,002,000 | 34,347,000 | 34,266,000 |
| Equity capital | 36,600,000 | 36,536,000 | 37,725,000 | 37,578,000 |
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 | 3,713,000 | 6,894,000 | 10,015,000 | 12,975,000 |
| Interest expense | 946,000 | 1,653,000 | 2,311,000 | 2,978,000 |
| Net interest income | 2,767,000 | 5,241,000 | 7,704,000 | 9,997,000 |
| Noninterest income | 902,000 | 1,830,000 | 2,742,000 | 3,670,000 |
| Noninterest expense | 1,978,000 | 3,822,000 | 5,805,000 | 7,880,000 |
| Provision for loan losses | 50,000 | 100,000 | 150,000 | 550,000 |
| Pretax income | 1,642,000 | 3,150,000 | 4,498,000 | 5,245,000 |
| Income tax | 565,000 | 1,087,000 | 1,555,000 | 1,831,000 |
| Net income | 1,077,000 | 2,063,000 | 2,943,000 | 3,414,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 35,429,000 | 36,061,000 | 36,962,000 | 36,642,000 |
| Total capital | 37,051,000 | 37,683,000 | 38,629,000 | 38,279,000 |
| Risk-weighted assets | 128,950,000 | 128,891,000 | 132,577,000 | 129,902,000 |