Call reports 2008
MODERN BANK, NATIONAL ASSOCIATION — 2008
What MODERN BANK, NATIONAL ASSOCIATION 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 | 418,062,000 | 489,726,000 | 531,650,000 | 592,664,000 |
| Total loans | 133,831,000 | 175,100,000 | 217,993,000 | 254,478,000 |
| Allowance for loan losses | 1,016,000 | 3,292,000 | 1,845,000 | 2,162,000 |
| Securities available for sale | 188,536,000 | 221,227,000 | 206,781,000 | 243,550,000 |
| Securities held to maturity | 39,668,000 | 37,413,000 | 34,322,000 | 32,758,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 364,160,000 | 420,754,000 | 453,350,000 | 511,454,000 |
| Interest-bearing deposits | 340,921,000 | 405,286,000 | 433,052,000 | 491,657,000 |
| Noninterest-bearing deposits | 23,239,000 | 15,468,000 | 20,298,000 | 19,797,000 |
| Equity capital | 41,737,000 | 29,369,000 | 28,015,000 | 29,877,000 |
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 | 4,904,000 | 10,014,000 | 15,613,000 | 21,772,000 |
| Interest expense | 2,974,000 | 5,959,000 | 9,008,000 | 12,107,000 |
| Net interest income | 1,930,000 | 4,055,000 | 6,605,000 | 9,665,000 |
| Noninterest income | 61,000 | 138,000 | 214,000 | 242,000 |
| Noninterest expense | 3,572,000 | 7,396,000 | 12,393,000 | 16,620,000 |
| Provision for loan losses | 43,000 | 7,316,000 | 10,780,000 | 11,101,000 |
| Pretax income | -1,080,000 | -9,831,000 | -15,302,000 | -16,761,000 |
| Income tax | 23,000 | 53,000 | 84,000 | 100,000 |
| Net income | -1,103,000 | -9,884,000 | -15,386,000 | -16,861,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 39,386,000 | 30,708,000 | 32,296,000 | 31,019,000 |
| Total capital | 40,531,000 | 33,527,000 | 34,261,000 | 33,308,000 |
| Risk-weighted assets | 190,867,000 | 224,944,000 | 258,036,000 | 279,093,000 |
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