|
|
(000’s)
|
First
& Farmers National Bank
|
Consolidated Banks
|
Consolidated Banks
|
Consolidated Banks
|
Consolidated Banks
|
Consolidated Banks
|
|
12/31/2008
|
12/31/2007
|
12/31/2006
|
12/31/2005
|
12/31/2004
|
12/31/2003
|
|
BALANCE SHEET:
|
|
Cash
|
$11,045
|
$13,798
|
$11,094
|
$12,889
|
$12,388
|
$6,915
|
|
SECURITIES
|
|
Held-to-Maturity
|
$17,717
|
20,327
|
23,004
|
22,191
|
27,719
|
31,842
|
|
Available for Sale
|
$76,072
|
78,592
|
81,137
|
88,985
|
67,349
|
27,256
|
|
Fed Funds
|
$2,146
|
9,379
|
4,932
|
3,126
|
4,817
|
525
|
|
Net Loans
|
$299,673
|
276,088
|
268,314
|
263,108
|
260,681
|
189,274
|
|
Fixed Assets
|
$6,355
|
6,073
|
6,763
|
7,137
|
7,047
|
3,237
|
|
Oreo
|
0
|
0
|
48
|
385
|
28
|
189
|
|
*Intangibles
|
$17,866
|
17,551
|
17,769
|
18120
|
18,818
|
5,084
|
|
Other Assets
|
$6,916
|
6,222
|
4,282
|
5,640
|
6,347
|
5,154
|
|
TOTAL ASSETS
|
$437,790
|
$428,030
|
$417,343
|
$421,581
|
$405,194
|
$269,476
|
|
|
|
DDA
|
$59,626
|
$57,391
|
$56,747
|
$59,231
|
$53,014
|
$31,407
|
|
Int. Bearing
|
$317,231
|
308,596
|
301,436
|
307,786
|
300,122
|
198,383
|
|
Total Deposits
|
$376,857
|
365,987
|
$358,183
|
$367,017
|
$353,136
|
$229,790
|
|
Fed Funds Purchased/Other
|
$3,308
|
5,193
|
5,275
|
315
|
815
|
12,985
|
|
Other Liabilities
|
$3,306
|
3,760
|
2,995
|
2,188
|
1,338
|
877
|
|
TOTAL LIABILITIES
|
$383,471
|
$374,940
|
$366,453
|
$369,520
|
$355,289
|
$243,652
|
|
|
|
Common Stock
|
$1,200
|
$1,200
|
$1,200
|
$1,200
|
$1,200
|
$1,200
|
|
Surplus
|
$45,850
|
45,850
|
45,850
|
45,850
|
44,493
|
19,700
|
|
Undivided Profits
|
$7,024
|
5,870
|
4,306
|
5,597
|
4,353
|
4,671
|
|
Net Unrealized Gains/(Losses)
|
$245
|
170
|
(466)
|
(586)
|
(141)
|
253
|
|
TOTAL CAPITAL
|
$54,319
|
$53,090
|
$50,890
|
$52,061
|
$49,905
|
$25,824
|
|
TOTAL LIABILITIES & CAPITAL
|
$437,790
|
$428,030
|
$417,343
|
$421,581
|
$405,194
|
$269,476
|
|
|
|
INCOME STATEMENT:
|
|
Loan Income
|
$20,610
|
$21,153
|
$18,981
|
$18,030
|
$16,354
|
$13,454
|
|
Investment Income
|
$4,133
|
4,605
|
4,357
|
4,292
|
3,657
|
2,545
|
|
Fed Funds Income
|
$313
|
429
|
347
|
270
|
128
|
82
|
|
TOTAL INT. INCOME
|
$25,056
|
$26,187
|
$23,685
|
$22,592
|
$20,139
|
$16,081
|
|
INTEREST EXPENSE:
|
|
Transaction Accts.
|
$166
|
$183
|
$1,077
|
$1,042
|
$809
|
$792
|
|
Money Market
|
$301
|
402
|
367
|
295
|
230
|
166
|
|
Savings
|
$1,190
|
1,214
|
351
|
369
|
263
|
189
|
|
Time Deposits $100M & Over
|
$2,943
|
3,850
|
2,673
|
1,896
|
1,492
|
1,370
|
|
Time Deposits Under $100M
|
$5,107
|
5,682
|
4,916
|
3,528
|
2,918
|
2,528
|
|
TOTAL:
|
$9,707
|
$11,331
|
$9,384
|
$7,130
|
$5,712
|
$5,045
|
|
|
|
Fed Funds/Other
|
$48
|
259
|
33
|
74
|
113
|
136
|
|
|
|
|
|
|
|
|
|
TOTAL INT. EXPENSE
|
$9,755
|
$11,590
|
$9,417
|
$7,204
|
$5,825
|
$5,181
|
|
NET INTEREST INCOME
|
$15,301
|
$14,597
|
$14,268
|
$15,388
|
$14,314
|
$10,900
|
|
Provision for Loan Losses
|
$1,280
|
815
|
$1,245
|
$2,114
|
$3,297
|
$2,722
|
|
Provision for SEC
Losses
|
-
|
-16
|
-
|
21
|
-
|
-
|
|
SC’S on Deposit
Accts
|
$2,053
|
2,099
|
2,070
|
1,497
|
1,380
|
1,117
|
|
Other Non-Int Income
|
$602
|
903
|
956
|
448
|
467
|
277
|
|
Gain/Losses on Securities
|
|
|
-
|
(291)
|
13
|
0
|
|
Salaries & Emp. Benefits
|
$7,213
|
7,055
|
6,825
|
6,535
|
6,215
|
3,340
|
|
Fixed Assets Expenses
|
$1,189
|
1,135
|
1,074
|
1,289
|
1,385
|
767
|
|
Core Deposit Intangible Amortization
|
$185
|
218
|
351
|
404
|
120
|
-
|
|
Other Non-Int Expense
|
$4,253
|
3,738
|
3,838
|
3,494
|
4,010
|
2,364
|
|
INCOME BEFORE TAXES
|
$3,836
|
$4,657
|
$3,961
|
$3,185
|
$1,147
|
$3,101
|
|
INCOME TAXES
|
$822
|
1,143
|
981
|
(676)
|
(61)
|
681
|
|
NET INCOME AFTER TAXES
|
$3,014
|
$3,514
|
$2,980
|
$2,509
|
$1,208
|
$2,420
|
|
