Call reports 2008
VALLEY NATIONAL BANK — 2008
What VALLEY NATIONAL 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 | 301,947,000 | 305,464,000 | 310,470,000 | 310,270,000 |
| Total loans | 191,695,000 | 197,573,000 | 194,602,000 | 189,843,000 |
| Allowance for loan losses | 2,143,000 | 2,168,000 | 2,553,000 | 4,026,000 |
| Securities available for sale | 94,653,000 | 91,870,000 | 94,450,000 | 97,286,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 213,746,000 | 218,564,000 | 218,469,000 | 223,301,000 |
| Interest-bearing deposits | 190,148,000 | 195,495,000 | 193,977,000 | 198,867,000 |
| Noninterest-bearing deposits | 23,598,000 | 23,069,000 | 24,491,000 | 24,434,000 |
| Equity capital | 35,516,000 | 34,925,000 | 35,348,000 | 35,920,000 |
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 | 4,904,000 | 9,493,000 | 14,056,000 | 18,374,000 |
| Interest expense | 2,189,000 | 4,265,000 | 6,294,000 | 8,198,000 |
| Net interest income | 2,715,000 | 5,228,000 | 7,762,000 | 10,176,000 |
| Noninterest income | 176,000 | 391,000 | 588,000 | 732,000 |
| Noninterest expense | 1,537,000 | 3,077,000 | 4,623,000 | 6,044,000 |
| Provision for loan losses | 46,000 | 147,000 | 816,000 | 2,316,000 |
| Pretax income | 1,307,000 | 2,397,000 | 2,914,000 | 2,594,000 |
| Income tax | 429,000 | 743,000 | 947,000 | 811,000 |
| Net income | 878,000 | 1,654,000 | 1,967,000 | 1,783,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 35,586,000 | 36,363,000 | 36,676,000 | 36,293,000 |
| Total capital | 37,729,000 | 38,573,000 | 39,271,000 | 38,947,000 |
| Risk-weighted assets | 210,859,000 | 217,258,000 | 217,310,000 | 210,963,000 |
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