Call reports 2008
SEASIDE NATIONAL BANK & TRUST — 2008
What SEASIDE NATIONAL BANK & TRUST 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 | 148,269,000 | 171,780,000 | 243,410,000 | 367,296,000 |
| Total loans | 74,048,000 | 93,811,000 | 136,285,000 | 213,053,000 |
| Allowance for loan losses | 1,079,000 | 1,393,000 | 1,870,000 | 2,426,000 |
| Securities available for sale | 52,994,000 | 58,152,000 | 55,426,000 | 131,379,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 95,407,000 | 105,191,000 | 186,282,000 | 267,556,000 |
| Interest-bearing deposits | 90,993,000 | 99,728,000 | 177,177,000 | 240,830,000 |
| Noninterest-bearing deposits | 4,414,000 | 5,463,000 | 9,105,000 | 26,726,000 |
| Equity capital | 47,439,000 | 44,620,000 | 46,201,000 | 45,880,000 |
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 | 1,836,000 | 3,848,000 | 6,189,000 | 9,699,000 |
| Interest expense | 754,000 | 1,613,000 | 2,722,000 | 4,504,000 |
| Net interest income | 1,082,000 | 2,235,000 | 3,467,000 | 5,195,000 |
| Noninterest income | 222,000 | 433,000 | 699,000 | 983,000 |
| Noninterest expense | 3,662,000 | 8,040,000 | 13,018,000 | 17,552,000 |
| Provision for loan losses | 245,000 | 605,000 | 1,080,000 | 1,636,000 |
| Pretax income | -2,586,000 | -5,960,000 | -9,915,000 | -12,977,000 |
| Income tax | -956,000 | -2,199,000 | -3,670,000 | -4,808,000 |
| Net income | -1,630,000 | -3,761,000 | -6,245,000 | -8,169,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 44,275,000 | 40,514,000 | 41,111,000 | 39,117,000 |
| Total capital | 45,354,000 | 41,907,000 | 42,981,000 | 41,543,000 |
| Risk-weighted assets | 111,797,000 | 136,281,000 | 189,254,000 | 266,442,000 |