Call reports 2008
ESSEX BANK — 2008
What ESSEX 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 | 261,933,000 | 266,614,000 | 272,114,000 | 270,483,000 |
| Total loans | 229,834,000 | 234,628,000 | 233,727,000 | 242,639,000 |
| Allowance for loan losses | 1,925,000 | 1,925,000 | 1,895,000 | 1,925,000 |
| Securities available for sale | 2,199,000 | 1,190,000 | 1,184,000 | 1,181,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 189,579,000 | 188,415,000 | 189,860,000 | 191,880,000 |
| Interest-bearing deposits | 155,841,000 | 154,812,000 | 156,883,000 | 160,730,000 |
| Noninterest-bearing deposits | 33,738,000 | 33,603,000 | 32,977,000 | 31,150,000 |
| Equity capital | 30,204,000 | 30,854,000 | 30,979,000 | 31,462,000 |
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 | 3,716,000 | 7,395,000 | 11,074,000 | 14,744,000 |
| Interest expense | 1,684,000 | 3,278,000 | 4,824,000 | 6,341,000 |
| Net interest income | 2,032,000 | 4,117,000 | 6,250,000 | 8,403,000 |
| Noninterest income | 3,196,000 | 6,421,000 | 9,540,000 | 12,418,000 |
| Noninterest expense | 4,297,000 | 8,440,000 | 12,844,000 | 17,146,000 |
| Provision for loan losses | 0 | 0 | 0 | 30,000 |
| Pretax income | 931,000 | 2,098,000 | 2,946,000 | 3,645,000 |
| Income tax | 431,000 | 941,000 | 1,355,000 | 1,615,000 |
| Net income | 500,000 | 1,157,000 | 1,591,000 | 2,030,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 31,124,000 | 32,036,000 | 32,637,000 | 32,696,000 |
| Total capital | 33,049,000 | 33,961,000 | 34,532,000 | 34,621,000 |
| Risk-weighted assets | 162,055,000 | 166,771,000 | 167,902,000 | 169,924,000 |
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