Call reports 2010
FARMERS AND MERCHANTS BANK OF SOUTH CAROLINA — 2010
What FARMERS AND MERCHANTS BANK OF SOUTH CAROLINA reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 247,413,000 | 240,338,000 | 230,886,000 | 296,650,000 |
| Total loans | 131,901,000 | 133,697,000 | 136,180,000 | 134,239,000 |
| Allowance for loan losses | 2,233,000 | 2,112,000 | 2,013,000 | 2,415,000 |
| Securities available for sale | 51,156,000 | 47,063,000 | 49,089,000 | 49,415,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 207,107,000 | 199,603,000 | 189,418,000 | 257,010,000 |
| Interest-bearing deposits | 171,049,000 | 164,530,000 | 156,645,000 | 221,017,000 |
| Noninterest-bearing deposits | 36,058,000 | 35,073,000 | 32,773,000 | 35,993,000 |
| Equity capital | 38,941,000 | 39,219,000 | 39,796,000 | 38,495,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 2,573,000 | 5,077,000 | 7,575,000 | 10,022,000 |
| Interest expense | 409,000 | 812,000 | 1,203,000 | 1,542,000 |
| Net interest income | 2,164,000 | 4,265,000 | 6,372,000 | 8,480,000 |
| Noninterest income | 733,000 | 1,302,000 | 2,025,000 | 2,715,000 |
| Noninterest expense | 1,867,000 | 3,845,000 | 5,670,000 | 7,708,000 |
| Provision for loan losses | 50,000 | 100,000 | 150,000 | 650,000 |
| Pretax income | 980,000 | 1,622,000 | 2,577,000 | 2,837,000 |
| Income tax | 330,000 | 557,000 | 899,000 | 1,004,000 |
| Net income | 650,000 | 1,065,000 | 1,678,000 | 1,833,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 38,483,000 | 38,596,000 | 39,220,000 | 38,762,000 |
| Total capital | 40,173,000 | 40,282,000 | 40,938,000 | 40,467,000 |
| Risk-weighted assets | 134,651,000 | 134,438,000 | 137,132,000 | 135,668,000 |