Call reports 2008
ELEVATE BANK, NATIONAL ASSOCIATION — 2008
What ELEVATE BANK, NATIONAL ASSOCIATION 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 | 43,806,000 | 44,702,000 | 47,819,000 | 49,767,000 |
| Total loans | 21,044,000 | 21,145,000 | 19,887,000 | 20,751,000 |
| Allowance for loan losses | 252,000 | 255,000 | 257,000 | 258,000 |
| Securities available for sale | 19,280,000 | 20,491,000 | 25,257,000 | 26,391,000 |
| Securities held to maturity | 1,995,000 | 996,000 | 996,000 | 996,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 37,769,000 | 39,623,000 | 39,951,000 | 40,755,000 |
| Interest-bearing deposits | 30,424,000 | 31,730,000 | 31,875,000 | 32,796,000 |
| Noninterest-bearing deposits | 7,345,000 | 7,893,000 | 8,076,000 | 7,959,000 |
| Equity capital | 5,292,000 | 4,910,000 | 5,458,000 | 5,375,000 |
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 | 698,000 | 1,402,000 | 2,112,000 | 2,844,000 |
| Interest expense | 228,000 | 446,000 | 650,000 | 844,000 |
| Net interest income | 470,000 | 956,000 | 1,462,000 | 2,000,000 |
| Noninterest income | 55,000 | 101,000 | 145,000 | 191,000 |
| Noninterest expense | 264,000 | 520,000 | 789,000 | 1,178,000 |
| Provision for loan losses | 0 | 0 | 0 | 487,000 |
| Pretax income | 284,000 | 609,000 | 890,000 | 601,000 |
| Income tax | 18,000 | 31,000 | 42,000 | 30,000 |
| Net income | 266,000 | 578,000 | 848,000 | 571,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,867,000 | 5,131,000 | 5,377,000 | 4,651,000 |
| Total capital | 5,119,000 | 5,386,000 | 5,634,000 | 4,909,000 |
| Risk-weighted assets | 24,994,000 | 25,349,000 | 24,781,000 | 25,603,000 |
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