Call reports 2008
GRATIOT STATE BANK — 2008
What GRATIOT STATE 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 | 32,593,000 | 32,989,000 | 33,799,000 | 34,164,000 |
| Total loans | 14,804,000 | 14,298,000 | 14,560,000 | 14,633,000 |
| Allowance for loan losses | 98,000 | 86,000 | 89,000 | 92,000 |
| Securities available for sale | 15,918,000 | 16,636,000 | 17,109,000 | 17,323,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 27,260,000 | 28,569,000 | 29,254,000 | 29,265,000 |
| Interest-bearing deposits | 25,361,000 | 26,624,000 | 27,184,000 | 27,200,000 |
| Noninterest-bearing deposits | 1,899,000 | 1,944,000 | 2,070,000 | 2,065,000 |
| Equity capital | 4,509,000 | 4,277,000 | 4,391,000 | 4,696,000 |
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 | 453,000 | 901,000 | 1,359,000 | 1,797,000 |
| Interest expense | 253,000 | 499,000 | 735,000 | 963,000 |
| Net interest income | 200,000 | 402,000 | 624,000 | 834,000 |
| Noninterest income | 15,000 | 29,000 | 42,000 | 56,000 |
| Noninterest expense | 145,000 | 293,000 | 438,000 | 589,000 |
| Provision for loan losses | 0 | 46,000 | 46,000 | 46,000 |
| Pretax income | 77,000 | 99,000 | 189,000 | 266,000 |
| Income tax | 10,000 | -2,000 | 12,000 | 7,000 |
| Net income | 67,000 | 101,000 | 177,000 | 259,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,405,000 | 4,439,000 | 4,515,000 | 4,596,000 |
| Total capital | 4,503,000 | 4,525,000 | 4,604,000 | 4,688,000 |
| Risk-weighted assets | 18,213,000 | 18,177,000 | 19,330,000 | 19,020,000 |
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