Call reports 2008
CUMBERLAND SECURITY BANK, INC. — 2008
What CUMBERLAND SECURITY BANK, INC. 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 | 169,548,000 | 164,821,000 | 166,199,000 | 174,333,000 |
| Total loans | 128,854,000 | 131,484,000 | 133,669,000 | 130,330,000 |
| Allowance for loan losses | 3,025,000 | 3,085,000 | 2,775,000 | 2,900,000 |
| Securities available for sale | 16,684,000 | 16,806,000 | 16,781,000 | 16,299,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 132,309,000 | 127,712,000 | 126,399,000 | 134,158,000 |
| Interest-bearing deposits | 97,128,000 | 91,144,000 | 91,645,000 | 94,193,000 |
| Noninterest-bearing deposits | 35,181,000 | 36,569,000 | 34,755,000 | 39,965,000 |
| Equity capital | 17,514,000 | 17,378,000 | 18,080,000 | 18,581,000 |
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 | 2,765,000 | 5,447,000 | 8,093,000 | 10,637,000 |
| Interest expense | 901,000 | 1,672,000 | 2,351,000 | 2,994,000 |
| Net interest income | 1,864,000 | 3,775,000 | 5,742,000 | 7,643,000 |
| Noninterest income | 1,056,000 | 1,690,000 | 2,202,000 | 2,706,000 |
| Noninterest expense | 1,242,000 | 2,569,000 | 3,858,000 | 5,183,000 |
| Provision for loan losses | 75,000 | 150,000 | 225,000 | 668,000 |
| Pretax income | 1,603,000 | 2,746,000 | 3,865,000 | 4,502,000 |
| Income tax | 432,000 | 432,000 | 432,000 | 432,000 |
| Net income | 1,171,000 | 2,314,000 | 3,433,000 | 4,070,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 17,088,000 | 17,184,000 | 17,839,000 | 17,989,000 |
| Total capital | 18,732,000 | 18,826,000 | 19,498,000 | 19,647,000 |
| Risk-weighted assets | 130,140,000 | 129,917,000 | 131,584,000 | 131,407,000 |