Call reports 2008
OPEN BANK — 2008
What OPEN 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 | 153,122,000 | 147,280,000 | 130,595,000 | 130,878,000 |
| Total loans | 119,701,000 | 118,037,000 | 102,594,000 | 102,465,000 |
| Allowance for loan losses | 3,023,000 | 2,881,000 | 2,843,000 | 2,629,000 |
| Securities available for sale | 10,276,000 | 4,706,000 | 0 | 6,924,000 |
| Securities held to maturity | 0 | 4,968,000 | 4,969,000 | 6,464,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 138,187,000 | 129,965,000 | 113,678,000 | 114,603,000 |
| Interest-bearing deposits | 124,042,000 | 118,533,000 | 103,772,000 | 97,866,000 |
| Noninterest-bearing deposits | 14,145,000 | 11,433,000 | 9,906,000 | 16,737,000 |
| Equity capital | 13,591,000 | 15,715,000 | 15,821,000 | 15,350,000 |
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 | 2,519,000 | 4,745,000 | 7,254,000 | 9,161,000 |
| Interest expense | 1,467,000 | 2,844,000 | 3,982,000 | 5,013,000 |
| Net interest income | 1,052,000 | 1,901,000 | 3,272,000 | 4,148,000 |
| Noninterest income | 172,000 | 284,000 | 412,000 | 536,000 |
| Noninterest expense | 1,536,000 | 3,147,000 | 4,555,000 | 5,819,000 |
| Provision for loan losses | 540,000 | 1,671,000 | 1,671,000 | 1,915,000 |
| Pretax income | -843,000 | -2,624,000 | -2,538,000 | -3,045,000 |
| Income tax | 0 | 0 | 0 | 1,000 |
| Net income | -843,000 | -2,624,000 | -2,538,000 | -3,046,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,493,000 | 15,735,000 | 15,821,000 | 15,337,000 |
| Total capital | 15,104,000 | 17,300,000 | 17,205,000 | 16,710,000 |
| Risk-weighted assets | 127,414,000 | 123,815,000 | 109,267,000 | 108,497,000 |
Machine access — free, no API key
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