Call reports 2008
FLORIDA SHORES BANK-SOUTHWEST — 2008
What FLORIDA SHORES BANK-SOUTHWEST 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 | 34,759,000 | 47,246,000 | 62,988,000 | 94,191,000 |
| Total loans | 24,187,000 | 37,039,000 | 51,170,000 | 56,377,000 |
| Allowance for loan losses | 303,000 | 555,000 | 766,000 | 838,000 |
| Securities available for sale | 0 | 2,289,000 | 2,304,000 | 29,034,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 16,593,000 | 29,700,000 | 42,884,000 | 77,144,000 |
| Interest-bearing deposits | 14,068,000 | 26,470,000 | 37,469,000 | 71,230,000 |
| Noninterest-bearing deposits | 2,524,000 | 3,230,000 | 5,416,000 | 5,915,000 |
| Equity capital | 18,023,000 | 17,374,000 | 16,745,000 | 16,851,000 |
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 | 375,000 | 889,000 | 1,598,000 | 2,575,000 |
| Interest expense | 86,000 | 245,000 | 501,000 | 929,000 |
| Net interest income | 289,000 | 644,000 | 1,097,000 | 1,646,000 |
| Noninterest income | 4,000 | 10,000 | 23,000 | 40,000 |
| Noninterest expense | 732,000 | 1,556,000 | 2,481,000 | 3,510,000 |
| Provision for loan losses | 75,000 | 327,000 | 538,000 | 620,000 |
| Pretax income | -514,000 | -1,229,000 | -1,899,000 | -2,444,000 |
| Income tax | 0 | -1,000 | 0 | 0 |
| Net income | -514,000 | -1,228,000 | -1,899,000 | -2,444,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,023,000 | 17,385,000 | 16,741,000 | 16,219,000 |
| Total capital | 18,326,000 | 17,830,000 | 17,396,000 | 16,979,000 |
| Risk-weighted assets | 26,415,000 | 37,321,000 | 53,032,000 | 63,279,000 |
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