Call reports 2007
PROVIDENCE BANK — 2007
What PROVIDENCE BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 55,342,000 | 60,234,000 | 64,743,000 | 68,782,000 |
| Total loans | 38,360,000 | 48,383,000 | 52,411,000 | 63,002,000 |
| Allowance for loan losses | 559,000 | 684,000 | 732,000 | 787,000 |
| Securities available for sale | 1,295,000 | 1,285,000 | 1,299,000 | 1,318,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 42,670,000 | 47,531,000 | 51,563,000 | 54,008,000 |
| Interest-bearing deposits | 41,704,000 | 44,373,000 | 47,612,000 | 51,393,000 |
| Noninterest-bearing deposits | 966,000 | 3,158,000 | 3,951,000 | 2,615,000 |
| Equity capital | 12,526,000 | 12,484,000 | 12,529,000 | 12,613,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 962,000 | 2,090,000 | 3,285,000 | 4,597,000 |
| Interest expense | 450,000 | 978,000 | 1,545,000 | 2,162,000 |
| Net interest income | 512,000 | 1,112,000 | 1,740,000 | 2,435,000 |
| Noninterest income | 17,000 | 51,000 | 65,000 | 82,000 |
| Noninterest expense | 556,000 | 1,139,000 | 1,742,000 | 2,365,000 |
| Provision for loan losses | 81,000 | 207,000 | 255,000 | 310,000 |
| Pretax income | -108,000 | -183,000 | -192,000 | -158,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -108,000 | -183,000 | -192,000 | -158,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,523,000 | 12,488,000 | 12,527,000 | 12,601,000 |
| Total capital | 13,068,000 | 13,162,000 | 13,259,000 | 13,388,000 |
| Risk-weighted assets | 43,648,000 | 53,970,000 | 58,854,000 | 68,377,000 |
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