Call reports 2003
FIRST FARMERS & MERCHANTS NATIONAL BANK — 2003
What FIRST FARMERS & MERCHANTS NATIONAL BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 85,134,000 | 85,935,000 | 86,199,000 | 83,415,000 |
| Total loans | 53,336,000 | 55,811,000 | 52,826,000 | 59,120,000 |
| Allowance for loan losses | 345,000 | 309,000 | 398,000 | 606,000 |
| Securities available for sale | 15,508,000 | 13,521,000 | 13,362,000 | 9,157,000 |
| Securities held to maturity | 4,608,000 | 4,825,000 | 4,762,000 | 5,084,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 67,398,000 | 68,080,000 | 68,307,000 | 67,886,000 |
| Interest-bearing deposits | 59,891,000 | 59,968,000 | 60,176,000 | 59,537,000 |
| Noninterest-bearing deposits | 7,508,000 | 8,112,000 | 8,130,000 | 8,349,000 |
| Equity capital | 11,931,000 | 11,878,000 | 12,038,000 | 11,731,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 1,174,000 | 2,318,000 | 3,462,000 | 4,507,000 |
| Interest expense | 298,000 | 568,000 | 845,000 | 1,099,000 |
| Net interest income | 876,000 | 1,750,000 | 2,617,000 | 3,408,000 |
| Noninterest income | 110,000 | 279,000 | 547,000 | 641,000 |
| Noninterest expense | 692,000 | 1,376,000 | 2,151,000 | 2,834,000 |
| Provision for loan losses | 55,000 | 315,000 | 410,000 | 815,000 |
| Pretax income | 239,000 | 363,000 | 652,000 | 398,000 |
| Income tax | 67,000 | 117,000 | 219,000 | 90,000 |
| Net income | 172,000 | 246,000 | 433,000 | 308,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,924,000 | 7,966,000 | 8,205,000 | 7,933,000 |
| Total capital | 8,269,000 | 8,275,000 | 8,603,000 | 8,539,000 |
| Risk-weighted assets | 64,364,000 | 66,976,000 | 64,603,000 | 68,047,000 |