Call reports 2008
LAKE AREA BANK — 2008
What LAKE AREA 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 | 308,092,000 | 307,124,000 | 308,721,000 | 319,893,000 |
| Total loans | 261,012,000 | 261,791,000 | 266,269,000 | 271,934,000 |
| Allowance for loan losses | 3,983,000 | 3,073,000 | 2,746,000 | 3,787,000 |
| Securities available for sale | 17,011,000 | 15,896,000 | 15,710,000 | 18,348,000 |
| Securities held to maturity | 5,487,000 | 5,412,000 | 1,498,000 | 2,469,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 214,742,000 | 204,743,000 | 207,654,000 | 229,581,000 |
| Interest-bearing deposits | 186,857,000 | 178,159,000 | 178,798,000 | 200,725,000 |
| Noninterest-bearing deposits | 27,885,000 | 26,584,000 | 28,856,000 | 28,856,000 |
| Equity capital | 25,541,000 | 25,005,000 | 26,091,000 | 24,985,000 |
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 | 4,663,000 | 9,097,000 | 13,974,000 | 18,601,000 |
| Interest expense | 2,274,000 | 4,405,000 | 6,402,000 | 8,329,000 |
| Net interest income | 2,389,000 | 4,692,000 | 7,572,000 | 10,272,000 |
| Noninterest income | 764,000 | 1,842,000 | 2,726,000 | 3,639,000 |
| Noninterest expense | 2,406,000 | 5,289,000 | 8,072,000 | 10,849,000 |
| Provision for loan losses | 290,000 | 820,000 | 1,570,000 | 4,020,000 |
| Pretax income | 457,000 | 445,000 | 730,000 | -884,000 |
| Income tax | 5,000 | 5,000 | 5,000 | 5,000 |
| Net income | 452,000 | 440,000 | 725,000 | -889,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 21,873,000 | 21,723,000 | 22,798,000 | 21,452,000 |
| Total capital | 24,985,000 | 24,796,000 | 25,544,000 | 24,578,000 |
| Risk-weighted assets | 248,060,000 | 245,800,000 | 242,986,000 | 249,438,000 |
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