Call reports 2008
GRANITE SAVINGS BANK — 2008
What GRANITE SAVINGS 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 | 58,546,000 | 57,851,000 | 59,667,000 | 61,582,000 |
| Total loans | 37,005,000 | 36,044,000 | 35,345,000 | 36,643,000 |
| Allowance for loan losses | 426,000 | 426,000 | 435,000 | 445,000 |
| Securities available for sale | 12,904,000 | 15,051,000 | 14,677,000 | 15,722,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 47,634,000 | 47,184,000 | 49,016,000 | 50,942,000 |
| Interest-bearing deposits | 46,432,000 | 46,466,000 | 47,721,000 | 48,444,000 |
| Noninterest-bearing deposits | 1,202,000 | 718,000 | 1,295,000 | 2,498,000 |
| Equity capital | 9,762,000 | 9,646,000 | 9,596,000 | 9,665,000 |
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 | 752,000 | 1,468,000 | 2,174,000 | 2,883,000 |
| Interest expense | 308,000 | 595,000 | 858,000 | 1,112,000 |
| Net interest income | 444,000 | 873,000 | 1,316,000 | 1,771,000 |
| Noninterest income | 33,000 | 59,000 | 93,000 | 121,000 |
| Noninterest expense | 407,000 | 808,000 | 1,210,000 | 1,655,000 |
| Provision for loan losses | 6,000 | 12,000 | 20,000 | 29,000 |
| Pretax income | 64,000 | 122,000 | 185,000 | 225,000 |
| Income tax | 26,000 | 50,000 | 65,000 | 80,000 |
| Net income | 38,000 | 72,000 | 120,000 | 145,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,394,000 | 9,428,000 | 9,477,000 | 9,501,000 |
| Total capital | 9,949,000 | 9,959,000 | 9,989,000 | 9,971,000 |
| Risk-weighted assets | 32,471,000 | 32,957,000 | 33,548,000 | 36,182,000 |
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