Call reports 2007
BANK OF OCEAN CITY — 2007
What BANK OF OCEAN CITY reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 127,212,000 | 137,283,000 | 139,791,000 | 131,132,000 |
| Total loans | 105,618,000 | 105,715,000 | 106,224,000 | 106,529,000 |
| Allowance for loan losses | 841,000 | 790,000 | 809,000 | 861,000 |
| Securities available for sale | 1,318,000 | 1,397,000 | 1,209,000 | 876,000 |
| Securities held to maturity | 6,681,000 | 8,680,000 | 12,680,000 | 11,679,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 107,507,000 | 117,208,000 | 119,418,000 | 110,521,000 |
| Interest-bearing deposits | 81,036,000 | 86,118,000 | 85,745,000 | 83,677,000 |
| Noninterest-bearing deposits | 26,471,000 | 31,090,000 | 33,673,000 | 26,844,000 |
| Equity capital | 18,978,000 | 19,353,000 | 19,737,000 | 19,507,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 2,071,000 | 4,282,000 | 6,648,000 | 8,958,000 |
| Interest expense | 612,000 | 1,294,000 | 2,021,000 | 2,724,000 |
| Net interest income | 1,459,000 | 2,988,000 | 4,627,000 | 6,234,000 |
| Noninterest income | 188,000 | 399,000 | 622,000 | 882,000 |
| Noninterest expense | 1,125,000 | 2,099,000 | 3,152,000 | 4,409,000 |
| Provision for loan losses | 0 | 0 | 20,000 | 125,000 |
| Pretax income | 522,000 | 1,288,000 | 2,077,000 | 2,582,000 |
| Income tax | 178,000 | 481,000 | 772,000 | 963,000 |
| Net income | 344,000 | 807,000 | 1,305,000 | 1,619,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,177,000 | 18,496,000 | 18,995,000 | 18,978,000 |
| Total capital | 19,611,000 | 19,914,000 | 20,348,000 | 20,233,000 |
| Risk-weighted assets | 108,575,000 | 111,219,000 | 111,039,000 | 110,160,000 |
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