Call reports 2008
FIRST STATE BANK OF RED WING, THE — 2008
What FIRST STATE BANK OF RED WING, THE 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 | 49,606,000 | 48,887,000 | 48,002,000 | 48,423,000 |
| Total loans | 22,612,000 | 20,981,000 | 20,294,000 | 19,572,000 |
| Allowance for loan losses | 160,000 | 160,000 | 160,000 | 160,000 |
| Securities available for sale | 18,189,000 | 21,572,000 | 23,315,000 | 24,042,000 |
| Securities held to maturity | 3,003,000 | 3,002,000 | 2,000 | 2,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 40,925,000 | 40,254,000 | 40,607,000 | 40,726,000 |
| Interest-bearing deposits | 36,953,000 | 36,540,000 | 36,404,000 | 36,445,000 |
| Noninterest-bearing deposits | 3,972,000 | 3,714,000 | 4,203,000 | 4,281,000 |
| Equity capital | 7,976,000 | 7,871,000 | 6,626,000 | 6,997,000 |
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 | 653,000 | 1,284,000 | 1,910,000 | 2,451,000 |
| Interest expense | 329,000 | 630,000 | 905,000 | 1,153,000 |
| Net interest income | 324,000 | 654,000 | 1,005,000 | 1,298,000 |
| Noninterest income | 29,000 | 55,000 | 78,000 | 135,000 |
| Noninterest expense | 233,000 | 450,000 | 650,000 | 859,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 120,000 | 259,000 | 433,000 | 574,000 |
| Income tax | 53,000 | 98,000 | 172,000 | 217,000 |
| Net income | 67,000 | 161,000 | 261,000 | 357,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,890,000 | 7,984,000 | 6,730,000 | 6,825,000 |
| Total capital | 8,050,000 | 8,144,000 | 6,890,000 | 6,985,000 |
| Risk-weighted assets | 29,371,000 | 27,222,000 | 26,717,000 | 25,886,000 |
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