Call reports 2008
WELLWORTH BANK — 2008
What WELLWORTH 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 | 324,450,000 | 329,510,000 | 329,308,000 | 319,446,000 |
| Total loans | 155,716,000 | 167,440,000 | 175,274,000 | 178,771,000 |
| Allowance for loan losses | 1,978,000 | 2,018,000 | 2,044,000 | 2,084,000 |
| Securities available for sale | 39,000 | 39,000 | 39,000 | 119,834,000 |
| Securities held to maturity | 131,342,000 | 139,668,000 | 132,713,000 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 291,292,000 | 288,422,000 | 279,186,000 | 279,986,000 |
| Interest-bearing deposits | 251,102,000 | 249,127,000 | 242,523,000 | 241,878,000 |
| Noninterest-bearing deposits | 40,190,000 | 39,295,000 | 36,663,000 | 38,108,000 |
| Equity capital | 30,749,000 | 31,675,000 | 32,200,000 | 32,648,000 |
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 | 4,741,000 | 9,410,000 | 14,078,000 | 18,644,000 |
| Interest expense | 2,277,000 | 4,379,000 | 6,346,000 | 8,164,000 |
| Net interest income | 2,464,000 | 5,031,000 | 7,732,000 | 10,480,000 |
| Noninterest income | 698,000 | 1,520,000 | 2,328,000 | 3,131,000 |
| Noninterest expense | 2,097,000 | 4,163,000 | 6,348,000 | 8,704,000 |
| Provision for loan losses | 137,000 | 274,000 | 585,000 | 836,000 |
| Pretax income | 930,000 | 2,119,000 | 3,134,000 | 4,078,000 |
| Income tax | 203,000 | 466,000 | 657,000 | 811,000 |
| Net income | 727,000 | 1,653,000 | 2,477,000 | 3,267,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 30,732,000 | 31,668,000 | 32,200,000 | 32,990,000 |
| Total capital | 32,710,000 | 33,686,000 | 34,244,000 | 35,074,000 |
| Risk-weighted assets | 188,435,000 | 194,777,000 | 199,923,000 | 198,328,000 |