Call reports 2008
FOUR OAKS BANK & TRUST COMPANY — 2008
What FOUR OAKS BANK & TRUST COMPANY 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 | 768,777,000 | 862,410,000 | 880,945,000 | 921,039,000 |
| Total loans | 566,374,000 | 640,426,000 | 661,339,000 | 681,500,000 |
| Allowance for loan losses | 6,800,000 | 8,384,000 | 8,597,000 | 9,542,000 |
| Securities available for sale | 135,182,000 | 141,966,000 | 135,514,000 | 167,736,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 561,509,000 | 651,091,000 | 684,888,000 | 724,320,000 |
| Interest-bearing deposits | 485,299,000 | 570,898,000 | 606,889,000 | 650,339,000 |
| Noninterest-bearing deposits | 76,210,000 | 80,193,000 | 77,999,000 | 73,981,000 |
| Equity capital | 62,871,000 | 75,282,000 | 73,289,000 | 73,682,000 |
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 | 12,118,000 | 24,339,000 | 36,719,000 | 48,953,000 |
| Interest expense | 5,842,000 | 11,672,000 | 17,204,000 | 22,901,000 |
| Net interest income | 6,276,000 | 12,667,000 | 19,515,000 | 26,052,000 |
| Noninterest income | 1,154,000 | 2,422,000 | 3,528,000 | 4,641,000 |
| Noninterest expense | 4,879,000 | 10,404,000 | 15,928,000 | 21,663,000 |
| Provision for loan losses | 288,000 | 1,242,000 | 1,589,000 | 3,336,000 |
| Pretax income | 2,396,000 | 3,739,000 | 5,915,000 | 6,270,000 |
| Income tax | 804,000 | 1,106,000 | 1,778,000 | 1,649,000 |
| Net income | 1,592,000 | 2,633,000 | 4,137,000 | 4,621,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 62,100,000 | 69,016,000 | 67,466,000 | 66,512,000 |
| Total capital | 68,900,000 | 77,400,000 | 76,063,000 | 75,330,000 |
| Risk-weighted assets | 596,371,000 | 674,961,000 | 693,478,000 | 704,704,000 |