Call reports 2008
FIRST FARMBANK — 2008
What FIRST FARMBANK 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 | 31,406,000 | 38,813,000 | 43,796,000 | 45,808,000 |
| Total loans | 14,821,000 | 20,536,000 | 25,164,000 | 25,350,000 |
| Allowance for loan losses | 90,000 | 100,000 | 156,000 | 191,000 |
| Securities available for sale | 14,702,000 | 16,128,000 | 14,552,000 | 17,922,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 18,191,000 | 25,315,000 | 30,354,000 | 33,412,000 |
| Interest-bearing deposits | 16,206,000 | 23,238,000 | 26,621,000 | 30,443,000 |
| Noninterest-bearing deposits | 1,985,000 | 2,077,000 | 3,733,000 | 2,969,000 |
| Equity capital | 5,882,000 | 5,408,000 | 5,330,000 | 5,780,000 |
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 | 394,000 | 933,000 | 1,526,000 | 2,170,000 |
| Interest expense | 187,000 | 443,000 | 726,000 | 1,019,000 |
| Net interest income | 207,000 | 490,000 | 800,000 | 1,151,000 |
| Noninterest income | 2,000 | 4,000 | 8,000 | 25,000 |
| Noninterest expense | 314,000 | 636,000 | 962,000 | 1,329,000 |
| Provision for loan losses | 35,000 | 45,000 | 101,000 | 136,000 |
| Pretax income | -106,000 | -153,000 | -216,000 | -250,000 |
| Income tax | 0 | -8,000 | -8,000 | -8,000 |
| Net income | -106,000 | -145,000 | -208,000 | -242,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,731,000 | 5,691,000 | 5,628,000 | 5,594,000 |
| Total capital | 5,821,000 | 5,791,000 | 5,784,000 | 5,785,000 |
| Risk-weighted assets | 18,105,000 | 24,243,000 | 28,518,000 | 29,963,000 |
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