Call reports 2008
GROVE BANK & TRUST — 2008
What GROVE BANK & TRUST 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 | 652,480,000 | 640,557,000 | 668,770,000 | 684,687,000 |
| Total loans | 357,902,000 | 364,175,000 | 387,743,000 | 422,587,000 |
| Allowance for loan losses | 4,230,000 | 4,300,000 | 4,716,000 | 7,017,000 |
| Securities available for sale | 234,482,000 | 236,215,000 | 228,959,000 | 218,661,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 465,819,000 | 456,811,000 | 480,111,000 | 485,082,000 |
| Interest-bearing deposits | 392,900,000 | 381,041,000 | 397,817,000 | 399,995,000 |
| Noninterest-bearing deposits | 72,919,000 | 75,770,000 | 82,294,000 | 85,086,000 |
| Equity capital | 53,870,000 | 51,822,000 | 50,496,000 | 46,315,000 |
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 | 9,277,000 | 18,275,000 | 27,404,000 | 36,411,000 |
| Interest expense | 4,275,000 | 7,827,000 | 11,270,000 | 14,451,000 |
| Net interest income | 5,002,000 | 10,448,000 | 16,134,000 | 21,960,000 |
| Noninterest income | 986,000 | 1,893,000 | 2,932,000 | 3,971,000 |
| Noninterest expense | 4,251,000 | 8,882,000 | 13,642,000 | 21,005,000 |
| Provision for loan losses | 350,000 | 817,000 | 1,492,000 | 4,992,000 |
| Pretax income | 1,485,000 | 2,745,000 | 4,035,000 | 101,000 |
| Income tax | 411,000 | 701,000 | 1,046,000 | -217,000 |
| Net income | 1,074,000 | 2,044,000 | 2,989,000 | 318,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 57,732,000 | 58,257,000 | 58,757,000 | 56,086,000 |
| Total capital | 62,180,000 | 62,775,000 | 63,691,000 | 62,215,000 |
| Risk-weighted assets | 437,239,000 | 427,497,000 | 451,429,000 | 489,245,000 |
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