Call reports 2008
FIRST STATE BANK OF FORSYTH — 2008
What FIRST STATE BANK OF FORSYTH 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 | 74,982,000 | 72,099,000 | 73,103,000 | 80,078,000 |
| Total loans | 35,232,000 | 37,686,000 | 37,068,000 | 36,697,000 |
| Allowance for loan losses | 640,000 | 569,000 | 543,000 | 597,000 |
| Securities available for sale | 28,927,000 | 26,882,000 | 26,555,000 | 33,660,000 |
| Securities held to maturity | 150,000 | 150,000 | 150,000 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 64,807,000 | 59,971,000 | 63,105,000 | 69,875,000 |
| Interest-bearing deposits | 56,527,000 | 52,696,000 | 54,888,000 | 62,011,000 |
| Noninterest-bearing deposits | 8,280,000 | 7,275,000 | 8,217,000 | 7,864,000 |
| Equity capital | 8,819,000 | 8,677,000 | 8,680,000 | 9,043,000 |
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 | 1,088,000 | 2,152,000 | 3,209,000 | 4,264,000 |
| Interest expense | 428,000 | 821,000 | 1,186,000 | 1,537,000 |
| Net interest income | 660,000 | 1,331,000 | 2,023,000 | 2,727,000 |
| Noninterest income | 62,000 | 122,000 | 182,000 | 234,000 |
| Noninterest expense | 412,000 | 825,000 | 1,246,000 | 1,635,000 |
| Provision for loan losses | 25,000 | 50,000 | 80,000 | 155,000 |
| Pretax income | 288,000 | 606,000 | 909,000 | 1,202,000 |
| Income tax | 63,000 | 143,000 | 207,000 | 287,000 |
| Net income | 225,000 | 463,000 | 702,000 | 915,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,726,000 | 8,839,000 | 8,948,000 | 9,029,000 |
| Total capital | 9,294,000 | 9,408,000 | 9,491,000 | 9,623,000 |
| Risk-weighted assets | 45,403,000 | 47,191,000 | 47,255,000 | 47,535,000 |
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