Call reports 2008
FIRST STATE BANK OF WEST SALEM — 2008
What FIRST STATE BANK OF WEST SALEM 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 | 14,871,000 | 14,874,000 | 15,134,000 | 15,726,000 |
| Total loans | 4,919,000 | 5,246,000 | 5,968,000 | 5,811,000 |
| Allowance for loan losses | 128,000 | 122,000 | 123,000 | 118,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 8,322,000 | 8,630,000 | 8,137,000 | 8,199,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 11,502,000 | 11,372,000 | 11,525,000 | 12,408,000 |
| Interest-bearing deposits | 8,722,000 | 8,506,000 | 8,477,000 | 9,408,000 |
| Noninterest-bearing deposits | 2,780,000 | 2,866,000 | 3,048,000 | 3,000,000 |
| Equity capital | 3,279,000 | 3,316,000 | 3,345,000 | 3,264,000 |
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 | 211,000 | 402,000 | 593,000 | 783,000 |
| Interest expense | 47,000 | 86,000 | 125,000 | 165,000 |
| Net interest income | 164,000 | 316,000 | 468,000 | 618,000 |
| Noninterest income | 15,000 | 26,000 | 39,000 | 54,000 |
| Noninterest expense | 119,000 | 231,000 | 356,000 | 487,000 |
| Provision for loan losses | 1,000 | 2,000 | 3,000 | 4,000 |
| Pretax income | 59,000 | 109,000 | 148,000 | 181,000 |
| Income tax | 18,000 | 31,000 | 41,000 | 41,000 |
| Net income | 41,000 | 78,000 | 107,000 | 140,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,279,000 | 3,316,000 | 3,345,000 | 3,264,000 |
| Total capital | 3,363,000 | 3,404,000 | 3,443,000 | 3,359,000 |
| Risk-weighted assets | 6,664,000 | 7,042,000 | 7,822,000 | 7,553,000 |
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