Call reports 2002
FIRST FARMERS & MERCHANTS NATIONAL BANK — 2002
What FIRST FARMERS & MERCHANTS NATIONAL BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 49,163,000 | 83,584,000 | 83,956,000 | 86,204,000 |
| Total loans | 27,637,000 | 49,588,000 | 54,464,000 | 54,827,000 |
| Allowance for loan losses | 454,000 | 632,000 | 612,000 | 578,000 |
| Securities available for sale | 7,639,000 | 8,230,000 | 13,992,000 | 15,235,000 |
| Securities held to maturity | 4,896,000 | 4,256,000 | 4,590,000 | 4,760,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 41,911,000 | 71,206,000 | 68,380,000 | 68,305,000 |
| Interest-bearing deposits | 37,105,000 | 63,820,000 | 60,400,000 | 60,624,000 |
| Noninterest-bearing deposits | 4,806,000 | 7,386,000 | 7,980,000 | 7,681,000 |
| Equity capital | 6,451,000 | 11,472,000 | 11,774,000 | 11,784,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 726,000 | 1,559,000 | 2,790,000 | 4,070,000 |
| Interest expense | 274,000 | 552,000 | 904,000 | 1,247,000 |
| Net interest income | 452,000 | 1,007,000 | 1,886,000 | 2,823,000 |
| Noninterest income | 85,000 | 144,000 | 262,000 | 435,000 |
| Noninterest expense | 371,000 | 830,000 | 1,480,000 | 2,203,000 |
| Provision for loan losses | 3,000 | 4,000 | 4,000 | 4,000 |
| Pretax income | 163,000 | 317,000 | 664,000 | 1,051,000 |
| Income tax | 62,000 | 119,000 | 255,000 | 409,000 |
| Net income | 101,000 | 198,000 | 409,000 | 642,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,128,000 | 7,350,000 | 7,613,000 | 7,698,000 |
| Total capital | 5,532,000 | 7,982,000 | 8,225,000 | 8,276,000 |
| Risk-weighted assets | 32,256,000 | 62,598,000 | 65,868,000 | 67,389,000 |