Call reports 2008
1ST EQUITY BANK — 2008
What 1ST EQUITY 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 | 117,188,000 | 120,475,000 | 116,430,000 | 121,141,000 |
| Total loans | 105,050,000 | 102,325,000 | 106,703,000 | 108,190,000 |
| Allowance for loan losses | 1,042,000 | 952,000 | 997,000 | 1,113,000 |
| Securities available for sale | 12,000 | 12,000 | 11,000 | 11,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 95,015,000 | 97,760,000 | 88,607,000 | 93,203,000 |
| Interest-bearing deposits | 89,161,000 | 86,123,000 | 82,097,000 | 88,616,000 |
| Noninterest-bearing deposits | 5,854,000 | 11,637,000 | 6,510,000 | 4,587,000 |
| Equity capital | 13,051,000 | 13,577,000 | 13,713,000 | 13,721,000 |
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 | 1,998,000 | 3,794,000 | 5,555,000 | 7,364,000 |
| Interest expense | 1,023,000 | 1,855,000 | 2,665,000 | 3,515,000 |
| Net interest income | 975,000 | 1,939,000 | 2,890,000 | 3,849,000 |
| Noninterest income | 33,000 | 74,000 | 114,000 | 157,000 |
| Noninterest expense | 452,000 | 917,000 | 1,376,000 | 1,883,000 |
| Provision for loan losses | 30,000 | 40,000 | 85,000 | 205,000 |
| Pretax income | 526,000 | 1,056,000 | 1,543,000 | 1,918,000 |
| Income tax | 2,000 | 6,000 | 14,000 | 18,000 |
| Net income | 524,000 | 1,050,000 | 1,529,000 | 1,900,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,051,000 | 13,577,000 | 13,713,000 | 13,721,000 |
| Total capital | 14,093,000 | 14,529,000 | 14,710,000 | 14,834,000 |
| Risk-weighted assets | 92,873,000 | 90,787,000 | 92,681,000 | 94,549,000 |
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