Call reports 2008
FIRST FARMERS & MERCHANTS NATIONAL BANK — 2008
What FIRST FARMERS & MERCHANTS NATIONAL BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 87,953,000 | 95,188,000 | 95,840,000 | 95,792,000 |
| Total loans | 61,486,000 | 67,184,000 | 66,561,000 | 67,575,000 |
| Allowance for loan losses | 882,000 | 868,000 | 676,000 | 597,000 |
| Securities available for sale | 19,831,000 | 19,765,000 | 20,231,000 | 18,101,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 72,280,000 | 74,857,000 | 73,766,000 | 75,935,000 |
| Interest-bearing deposits | 64,038,000 | 66,985,000 | 66,684,000 | 67,143,000 |
| Noninterest-bearing deposits | 8,241,000 | 7,873,000 | 7,082,000 | 8,792,000 |
| Equity capital | 12,411,000 | 12,217,000 | 12,373,000 | 12,807,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 1,367,000 | 2,735,000 | 4,118,000 | 5,450,000 |
| Interest expense | 441,000 | 854,000 | 1,273,000 | 1,669,000 |
| Net interest income | 926,000 | 1,881,000 | 2,845,000 | 3,781,000 |
| Noninterest income | 100,000 | 233,000 | 353,000 | 447,000 |
| Noninterest expense | 784,000 | 1,592,000 | 2,411,000 | 3,277,000 |
| Provision for loan losses | 6,000 | 12,000 | 21,000 | 36,000 |
| Pretax income | 236,000 | 511,000 | 767,000 | 916,000 |
| Income tax | 0 | 1,000 | 1,000 | 1,000 |
| Net income | 236,000 | 510,000 | 766,000 | 915,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,116,000 | 9,374,000 | 9,572,000 | 9,773,000 |
| Total capital | 9,998,000 | 10,242,000 | 10,248,000 | 10,370,000 |
| Risk-weighted assets | 70,839,000 | 76,515,000 | 77,301,000 | 80,204,000 |