Call reports 2008
HORIZON FINANCIAL BANK — 2008
What HORIZON FINANCIAL 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 | 85,120,000 | 84,985,000 | 88,666,000 | 97,033,000 |
| Total loans | 59,866,000 | 68,106,000 | 70,451,000 | 75,005,000 |
| Allowance for loan losses | 979,000 | 981,000 | 960,000 | 987,000 |
| Securities available for sale | 4,018,000 | 2,833,000 | 2,787,000 | 2,712,000 |
| Securities held to maturity | 8,369,000 | 9,905,000 | 10,708,000 | 13,164,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 74,001,000 | 68,358,000 | 77,442,000 | 72,130,000 |
| Interest-bearing deposits | 63,152,000 | 57,058,000 | 65,442,000 | 59,627,000 |
| Noninterest-bearing deposits | 10,849,000 | 11,300,000 | 11,999,000 | 12,504,000 |
| Equity capital | 7,572,000 | 7,822,000 | 8,108,000 | 8,402,000 |
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 | 1,433,000 | 2,786,000 | 4,225,000 | 5,717,000 |
| Interest expense | 600,000 | 1,080,000 | 1,577,000 | 2,038,000 |
| Net interest income | 833,000 | 1,706,000 | 2,648,000 | 3,679,000 |
| Noninterest income | 52,000 | 108,000 | 159,000 | 204,000 |
| Noninterest expense | 524,000 | 1,017,000 | 1,518,000 | 2,178,000 |
| Provision for loan losses | 0 | 0 | 30,000 | 60,000 |
| Pretax income | 361,000 | 797,000 | 1,259,000 | 1,645,000 |
| Income tax | 135,000 | 290,000 | 467,000 | 568,000 |
| Net income | 226,000 | 507,000 | 792,000 | 1,077,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,530,000 | 7,811,000 | 8,096,000 | 8,381,000 |
| Total capital | 8,350,000 | 8,705,000 | 9,028,000 | 9,374,000 |
| Risk-weighted assets | 65,454,000 | 71,428,000 | 74,459,000 | 79,442,000 |
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