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FINANCIALS   2004 - 2009

(000’s)

First & Farmers National Bank

First & Farmers National Bank

Consolidated Banks

Consolidated Banks

Consolidated Banks

Consolidated Banks

12/31/2009

12/31/2008

12/31/2007

12/31/2006

12/31/2005

12/31/2004

BALANCE SHEET:

Cash

$9,834

$11,045

$13,798 $11,094 $12,889

$12,388

SECURITIES

Held-to-Maturity

$15,039

$17,717

$20,327 $23,004 $22,191

$27,719

Available for Sale

$109,717

$76,072

$78,592 $81,137 $88,985

$67,349

Fed Funds

$3,705

$2,146

$9,379 $4,932 $3,126

$4,817

Loans & Leases Held For Sale $279 $0 $0 $0 $0 $0

Net Loans

$278,683

$299,673

$276,088 $268,314 $263,108

$260,681

Fixed Assets

$6,409

$6,355

$6,073 $6,763 $7,137

$7,047

Oreo

$89

$0

$0 $48 $385

$28

*Intangibles

$17,698

$17,866

$17,551 $17,769 $18120

$18,818

Other Assets

$8,803

$6,916

$6,222 $4,282 $5,640

$6,347

TOTAL ASSETS

$450,256

$437,790

$428,030 $417,343 $421,581

$405,194

 

DDA

$63,686

$59,626

$57,391 $56,747 $59,231

$53,014

Int. Bearing

$327,221

$317,231

$308,596 $301,436 $307,786

$300,122

Total Deposits

$390,907

$376,857

$365,987 $358,183 $367,017

$353,136

Fed Funds Purchased/Other

$98

$3,308

$5,193 $5,275 $315

$815

Other Liabilities

$3,503

$3,306

$3,760 $2,995 $2,188

$1,338

TOTAL LIABILITIES

$394,508

$383,471

$374,940 $366,453 $369,520

$355,289

 

Common Stock

$1,200

$1,200

$1,200 $1,200 $1,200

$1,200

Surplus

$45,850

$45,850

$45,850 $45,850 $45,850

$44,493

Undivided Profits

$8,006

$7,024

$5,870 $4,306 $5,597

$4,353

Net Unrealized Gains/(Losses)

$692

$245

$170 -$466 -$586

-$141

TOTAL CAPITAL

$55,748

$54,319

$53,090 $50,890 $52,061

$49,905

TOTAL LIABILITIES & CAPITAL

$450,256

$437,790

$428,030 $417,343 $421,581

$405,194

 
INCOME STATEMENT:

Loan Income

$19,412

$20,610

$21,153 $18,981 $18,030

$16,354

Investment Income

$4,674

$4,133

$4,605 $4,357 $4,292

$3,657

Fed Funds Income

$139

$313

$429 $347 $270

$128

TOTAL INT. INCOME

$24,225

$25,056

$26,187 $23,685 $22,592

$20,139

INTEREST EXPENSE:

Transaction Accts.

$110

$166

$183 $1,077 $1,042

$809

Money Market

$174

$301

$402 $367 $295

$230

Savings

$981

$1,190

$1,214 $351 $369

$263

Time Deposits $100M & Over

$3,056

$2,943

$3,850 $2,673 $1,896

$1,492

Time Deposits Under $100M

$3,387

$5,107

$5,682 $4,916 $3,528

$2,918

TOTAL:

$7,708

$9,707

$11,331 $9,384 $7,130

$5,712

 

Fed Funds/Other

$31

$48

$259 $33 $74

$113

 

 

 

     

 

TOTAL INT. EXPENSE

$7,739

$9,755

$11,590 $9,417 $7,204

$5,825

NET INTEREST INCOME

$16,486

$15,301

$14,597 $14,268 $15,388

$14,314

Provision for Loan Losses

$1,880

$1,280

815 $1,245 $2,114

$3,297

Provision for SEC Losses $0 $0 -$16 $0 $21 $0

SC’S on Deposit Accts

$2,236

$2,053

$2,099 $2,070 $1,497

$1,380

Other Non-Int Income

$633

$602

$903 $956 $448

$467

Gain/Losses on Securities

$0

$0

$0 $0 -$291

$13

Salaries & Emp. Benefits

$7,297

$7,213

$7,055 $6,825 $6,535

$6,215

Fixed Assets Expenses

$1,285

$1,189

$1,135 $1,074 $1,289

$1,385

Core Deposit Intangible Amortization

$168

$185

$218 $351 $404

$120

Other Non-Int Expense

$4,729

$4,253

$3,738 $3,838 $3,494

$4,010

INCOME BEFORE TAXES

$3,996

$3,836

$4,657 $3,961 $3,185

$1,147

INCOME TAXES

$814

$822

$1,143 $981 -$676

-$61

NET INCOME AFTER TAXES

$3,182

$3,014

$3,514 $2,980 $2,509

$1,208


I, Autumn Upchurch Gilreath, Chief Financial Officer of First & Farmers National Bank do herby declare that this Report of Condition is true and correct to the best of my knowledge and belief.


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