Call reports 2008
DRAKE BANK — 2008
What DRAKE 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 | 76,655,000 | 78,895,000 | 82,329,000 | 84,123,000 |
| Total loans | 67,451,000 | 70,194,000 | 74,290,000 | 74,162,000 |
| Allowance for loan losses | 758,000 | 818,000 | 645,000 | 784,000 |
| Securities available for sale | 4,323,000 | 3,784,000 | 3,811,000 | 3,546,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 62,188,000 | 63,149,000 | 61,904,000 | 64,768,000 |
| Interest-bearing deposits | 54,135,000 | 54,617,000 | 52,198,000 | 56,189,000 |
| Noninterest-bearing deposits | 8,053,000 | 8,532,000 | 9,706,000 | 8,579,000 |
| Equity capital | 6,308,000 | 6,450,000 | 6,812,000 | 7,080,000 |
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 | 1,325,000 | 2,627,000 | 3,979,000 | 5,262,000 |
| Interest expense | 657,000 | 1,246,000 | 1,816,000 | 2,353,000 |
| Net interest income | 668,000 | 1,381,000 | 2,163,000 | 2,909,000 |
| Noninterest income | 106,000 | 175,000 | 214,000 | 267,000 |
| Noninterest expense | 612,000 | 1,251,000 | 1,913,000 | 2,498,000 |
| Provision for loan losses | 60,000 | 120,000 | 210,000 | 370,000 |
| Pretax income | 102,000 | 185,000 | 254,000 | 308,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 102,000 | 185,000 | 254,000 | 308,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,283,000 | 6,465,000 | 6,810,000 | 7,035,000 |
| Total capital | 7,041,000 | 7,283,000 | 7,455,000 | 7,819,000 |
| Risk-weighted assets | 66,512,000 | 69,650,000 | 72,197,000 | 71,079,000 |
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