Call reports 2008
PACIFIC WEST BANK — 2008
What PACIFIC WEST 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 | 48,431,000 | 55,306,000 | 60,502,000 | 64,307,000 |
| Total loans | 42,781,000 | 49,152,000 | 53,848,000 | 58,091,000 |
| Allowance for loan losses | 598,000 | 658,000 | 718,000 | 776,000 |
| Securities available for sale | 1,993,000 | 1,485,000 | 0 | 0 |
| Securities held to maturity | 550,000 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 36,957,000 | 39,629,000 | 47,054,000 | 48,841,000 |
| Interest-bearing deposits | 30,680,000 | 35,817,000 | 41,227,000 | 44,029,000 |
| Noninterest-bearing deposits | 6,277,000 | 3,812,000 | 5,827,000 | 4,812,000 |
| Equity capital | 7,559,000 | 7,576,000 | 7,605,000 | 7,575,000 |
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 | 844,000 | 1,747,000 | 2,767,000 | 3,767,000 |
| Interest expense | 327,000 | 682,000 | 1,081,000 | 1,497,000 |
| Net interest income | 517,000 | 1,065,000 | 1,686,000 | 2,270,000 |
| Noninterest income | 13,000 | 13,000 | 21,000 | 34,000 |
| Noninterest expense | 411,000 | 879,000 | 1,430,000 | 2,037,000 |
| Provision for loan losses | 60,000 | 120,000 | 180,000 | 240,000 |
| Pretax income | 59,000 | 79,000 | 97,000 | 27,000 |
| Income tax | 24,000 | 31,000 | 38,000 | 13,000 |
| Net income | 35,000 | 48,000 | 59,000 | 14,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,556,000 | 7,575,000 | 7,605,000 | 7,575,000 |
| Total capital | 8,130,000 | 8,247,000 | 8,341,000 | 8,370,000 |
| Risk-weighted assets | 45,922,000 | 54,561,000 | 60,210,000 | 65,246,000 |