Call reports 2014
FARMERS AND MERCHANTS BANK OF SOUTH CAROLINA — 2014
What FARMERS AND MERCHANTS BANK OF SOUTH CAROLINA reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 275,299,000 | 255,916,000 | 245,152,000 | 326,201,000 |
| Total loans | 127,704,000 | 127,646,000 | 126,156,000 | 124,459,000 |
| Allowance for loan losses | 1,995,000 | 1,879,000 | 1,928,000 | 1,762,000 |
| Securities available for sale | 61,023,000 | 62,281,000 | 62,512,000 | 63,671,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 234,018,000 | 213,557,000 | 201,912,000 | 283,290,000 |
| Interest-bearing deposits | 157,556,000 | 153,193,000 | 149,375,000 | 191,002,000 |
| Noninterest-bearing deposits | 76,462,000 | 60,364,000 | 52,537,000 | 92,288,000 |
| Equity capital | 39,974,000 | 40,902,000 | 41,631,000 | 41,768,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 2,349,000 | 4,675,000 | 6,991,000 | 9,290,000 |
| Interest expense | 127,000 | 249,000 | 372,000 | 492,000 |
| Net interest income | 2,222,000 | 4,426,000 | 6,619,000 | 8,798,000 |
| Noninterest income | 627,000 | 1,293,000 | 1,993,000 | 2,635,000 |
| Noninterest expense | 1,893,000 | 3,949,000 | 5,842,000 | 8,170,000 |
| Provision for loan losses | 50,000 | 175,000 | 275,000 | 700,000 |
| Pretax income | 906,000 | 1,595,000 | 2,495,000 | 2,563,000 |
| Income tax | 307,000 | 548,000 | 865,000 | 900,000 |
| Net income | 599,000 | 1,047,000 | 1,630,000 | 1,663,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 42,280,000 | 42,426,000 | 43,020,000 | 42,439,000 |
| Total capital | 43,971,000 | 44,118,000 | 44,697,000 | 44,112,000 |
| Risk-weighted assets | 134,945,000 | 135,156,000 | 133,891,000 | 133,732,000 |