Call reports 2008
BANK OF OCEAN CITY — 2008
What BANK OF OCEAN CITY 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 | 132,635,000 | 137,790,000 | 140,265,000 | 144,030,000 |
| Total loans | 108,107,000 | 114,869,000 | 106,340,000 | 116,760,000 |
| Allowance for loan losses | 830,000 | 791,000 | 798,000 | 2,157,000 |
| Securities available for sale | 847,000 | 627,000 | 825,000 | 483,000 |
| Securities held to maturity | 8,679,000 | 7,679,000 | 9,678,000 | 5,678,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 112,099,000 | 117,373,000 | 119,255,000 | 119,584,000 |
| Interest-bearing deposits | 85,673,000 | 84,440,000 | 83,715,000 | 90,291,000 |
| Noninterest-bearing deposits | 26,426,000 | 32,933,000 | 35,540,000 | 29,293,000 |
| Equity capital | 19,851,000 | 19,912,000 | 20,395,000 | 19,290,000 |
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 | 2,195,000 | 4,263,000 | 6,332,000 | 8,342,000 |
| Interest expense | 655,000 | 1,230,000 | 1,683,000 | 2,173,000 |
| Net interest income | 1,540,000 | 3,033,000 | 4,649,000 | 6,169,000 |
| Noninterest income | 276,000 | 607,000 | 918,000 | 1,213,000 |
| Noninterest expense | 1,106,000 | 2,270,000 | 3,469,000 | 4,867,000 |
| Provision for loan losses | 117,000 | 227,000 | 377,000 | 1,751,000 |
| Pretax income | 593,000 | 1,143,000 | 1,721,000 | 764,000 |
| Income tax | 239,000 | 449,000 | 658,000 | 266,000 |
| Net income | 354,000 | 694,000 | 1,063,000 | 498,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 19,332,000 | 19,528,000 | 19,896,000 | 18,998,000 |
| Total capital | 20,543,000 | 20,601,000 | 21,065,000 | 20,734,000 |
| Risk-weighted assets | 111,884,000 | 117,946,000 | 111,991,000 | 120,909,000 |
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