Call reports 2008
SPRING BANK — 2008
What SPRING 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 | 15,905,000 | 15,749,000 | 17,361,000 | 18,047,000 |
| Total loans | 2,936,000 | 3,829,000 | 9,559,000 | 13,084,000 |
| Allowance for loan losses | 30,000 | 41,000 | 116,000 | 133,000 |
| Securities available for sale | 4,016,000 | 4,999,000 | 1,950,000 | 1,826,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,627,000 | 1,927,000 | 5,986,000 | 6,198,000 |
| Interest-bearing deposits | 1,268,000 | 1,303,000 | 4,616,000 | 4,857,000 |
| Noninterest-bearing deposits | 359,000 | 624,000 | 1,370,000 | 1,341,000 |
| Equity capital | 12,113,000 | 11,630,000 | 11,092,000 | 10,469,000 |
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 | 156,000 | 302,000 | 513,000 | 777,000 |
| Interest expense | 9,000 | 15,000 | 36,000 | 61,000 |
| Net interest income | 147,000 | 287,000 | 477,000 | 716,000 |
| Noninterest income | 20,000 | 43,000 | 68,000 | 92,000 |
| Noninterest expense | 686,000 | 1,302,000 | 1,968,000 | 2,727,000 |
| Provision for loan losses | 27,000 | 38,000 | 114,000 | 130,000 |
| Pretax income | -546,000 | -1,010,000 | -1,537,000 | -2,049,000 |
| Income tax | 0 | 2,000 | 2,000 | 2,000 |
| Net income | -546,000 | -1,012,000 | -1,539,000 | -2,051,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,108,000 | 11,642,000 | 11,116,000 | 10,603,000 |
| Total capital | 12,138,000 | 11,683,000 | 11,232,000 | 10,736,000 |
| Risk-weighted assets | 8,969,000 | 9,454,000 | 11,839,000 | 14,949,000 |
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