Call reports 2003
FARMERS AND MERCHANTS STATE BANK OF ARGONIA, THE — 2003
What FARMERS AND MERCHANTS STATE BANK OF ARGONIA, THE 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 | 17,171,000 | 17,269,000 | 17,781,000 | 18,873,000 |
| Total loans | 9,153,000 | 9,959,000 | 9,294,000 | 12,126,000 |
| Allowance for loan losses | 86,000 | 84,000 | 87,000 | 89,000 |
| Securities available for sale | 5,367,000 | 5,700,000 | 5,494,000 | 5,129,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 15,425,000 | 15,459,000 | 16,021,000 | 15,459,000 |
| Interest-bearing deposits | 13,730,000 | 13,422,000 | 13,853,000 | 13,687,000 |
| Noninterest-bearing deposits | 1,695,000 | 2,037,000 | 2,168,000 | 1,772,000 |
| Equity capital | 1,643,000 | 1,677,000 | 1,652,000 | 1,624,000 |
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 | 246,000 | 494,000 | 727,000 | 985,000 |
| Interest expense | 71,000 | 136,000 | 193,000 | 250,000 |
| Net interest income | 175,000 | 358,000 | 534,000 | 735,000 |
| Noninterest income | 33,000 | 70,000 | 108,000 | 159,000 |
| Noninterest expense | 188,000 | 389,000 | 596,000 | 806,000 |
| Provision for loan losses | 5,000 | 10,000 | 15,000 | 20,000 |
| Pretax income | 15,000 | 29,000 | 31,000 | 68,000 |
| Income tax | 0 | 0 | 0 | 15,000 |
| Net income | 15,000 | 29,000 | 31,000 | 53,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,597,000 | 1,610,000 | 1,605,000 | 1,588,000 |
| Total capital | 1,683,000 | 1,694,000 | 1,692,000 | 1,677,000 |
| Risk-weighted assets | 12,642,000 | 12,075,000 | 13,071,000 | 11,971,000 |