Call reports 2008
SQUARE 1 BANK — 2008
What SQUARE 1 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 | 995,562,000 | 1,055,273,000 | 1,051,036,000 | 1,273,240,000 |
| Total loans | 352,304,000 | 380,596,000 | 383,506,000 | 404,340,000 |
| Allowance for loan losses | 6,200,000 | 6,898,000 | 7,307,000 | 8,005,000 |
| Securities available for sale | 539,653,000 | 596,645,000 | 614,473,000 | 563,264,000 |
| Securities held to maturity | 9,076,000 | 9,082,000 | 9,088,000 | 11,094,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 898,081,000 | 969,854,000 | 945,428,000 | 1,166,376,000 |
| Interest-bearing deposits | 841,771,000 | 904,220,000 | 887,224,000 | 1,076,967,000 |
| Noninterest-bearing deposits | 56,310,000 | 65,634,000 | 58,204,000 | 89,409,000 |
| Equity capital | 80,378,000 | 68,215,000 | 81,449,000 | 83,630,000 |
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 | 14,762,000 | 29,175,000 | 44,729,000 | 59,071,000 |
| Interest expense | 4,667,000 | 7,306,000 | 10,134,000 | 11,719,000 |
| Net interest income | 10,095,000 | 21,869,000 | 34,595,000 | 47,352,000 |
| Noninterest income | 1,101,000 | 2,605,000 | 4,144,000 | 5,766,000 |
| Noninterest expense | 7,489,000 | 16,267,000 | 25,425,000 | 34,098,000 |
| Provision for loan losses | 891,000 | 1,988,000 | 2,939,000 | 7,653,000 |
| Pretax income | 2,816,000 | 5,739,000 | -2,445,000 | -28,688,000 |
| Income tax | 1,136,000 | 2,353,000 | -873,000 | -11,472,000 |
| Net income | 1,680,000 | 3,386,000 | -1,572,000 | -17,216,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 98,698,000 | 99,766,000 | 102,750,000 | 87,435,000 |
| Total capital | 104,898,000 | 106,664,000 | 110,057,000 | 95,440,000 |
| Risk-weighted assets | 636,441,000 | 845,410,000 | 863,536,000 | 729,940,000 |