Call reports 2008
FIRST INDEPENDENT BANK — 2008
What FIRST INDEPENDENT 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 | 100,547,000 | 98,361,000 | 92,639,000 | 93,032,000 |
| Total loans | 55,649,000 | 54,631,000 | 54,862,000 | 55,779,000 |
| Allowance for loan losses | 652,000 | 703,000 | 733,000 | 870,000 |
| Securities available for sale | 20,193,000 | 17,979,000 | 21,353,000 | 19,454,000 |
| Securities held to maturity | 1,083,000 | 1,198,000 | 1,097,000 | 1,096,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 91,055,000 | 89,006,000 | 83,521,000 | 83,770,000 |
| Interest-bearing deposits | 81,307,000 | 79,630,000 | 74,597,000 | 74,748,000 |
| Noninterest-bearing deposits | 9,748,000 | 9,376,000 | 8,925,000 | 9,022,000 |
| Equity capital | 8,971,000 | 8,945,000 | 8,716,000 | 8,918,000 |
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 | 1,549,000 | 2,976,000 | 4,351,000 | 5,616,000 |
| Interest expense | 823,000 | 1,577,000 | 2,233,000 | 2,817,000 |
| Net interest income | 726,000 | 1,399,000 | 2,118,000 | 2,799,000 |
| Noninterest income | 92,000 | 183,000 | 280,000 | 370,000 |
| Noninterest expense | 566,000 | 1,146,000 | 1,791,000 | 2,399,000 |
| Provision for loan losses | 245,000 | 315,000 | 410,000 | 668,000 |
| Pretax income | 7,000 | 121,000 | 219,000 | 124,000 |
| Income tax | 38,000 | 48,000 | 68,000 | 25,000 |
| Net income | -31,000 | 73,000 | 151,000 | 99,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,757,000 | 8,860,000 | 8,673,000 | 8,621,000 |
| Total capital | 9,409,000 | 9,563,000 | 9,395,000 | 9,352,000 |
| Risk-weighted assets | 60,202,000 | 59,497,000 | 57,747,000 | 58,378,000 |
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