Call reports 2007
FIRST FARMERS & MERCHANTS NATIONAL BANK — 2007
What FIRST FARMERS & MERCHANTS NATIONAL BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 79,928,000 | 79,393,000 | 82,960,000 | 85,488,000 |
| Total loans | 54,105,000 | 54,915,000 | 55,809,000 | 58,411,000 |
| Allowance for loan losses | 954,000 | 906,000 | 842,000 | 871,000 |
| Securities available for sale | 19,158,000 | 17,863,000 | 17,702,000 | 19,760,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 66,287,000 | 65,022,000 | 69,616,000 | 71,576,000 |
| Interest-bearing deposits | 59,640,000 | 58,427,000 | 62,766,000 | 63,582,000 |
| Noninterest-bearing deposits | 6,648,000 | 6,595,000 | 6,851,000 | 7,994,000 |
| Equity capital | 12,121,000 | 12,296,000 | 12,652,000 | 12,070,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 1,316,000 | 2,677,000 | 4,048,000 | 5,443,000 |
| Interest expense | 412,000 | 852,000 | 1,304,000 | 1,743,000 |
| Net interest income | 904,000 | 1,825,000 | 2,744,000 | 3,700,000 |
| Noninterest income | 79,000 | 199,000 | 297,000 | 379,000 |
| Noninterest expense | 770,000 | 1,553,000 | 2,286,000 | 3,026,000 |
| Provision for loan losses | 6,000 | 6,000 | 6,000 | 6,000 |
| Pretax income | 207,000 | 465,000 | 749,000 | 1,047,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 207,000 | 465,000 | 749,000 | 1,047,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,136,000 | 9,428,000 | 9,678,000 | 8,962,000 |
| Total capital | 9,914,000 | 10,214,000 | 10,504,000 | 9,819,000 |
| Risk-weighted assets | 62,045,000 | 62,727,000 | 66,039,000 | 68,569,000 |