Call reports 2008
FIRST MOUNTAIN BANK — 2008
What FIRST MOUNTAIN 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 | 150,941,000 | 143,447,000 | 141,699,000 | 144,020,000 |
| Total loans | 111,783,000 | 112,090,000 | 110,900,000 | 113,609,000 |
| Allowance for loan losses | 1,441,000 | 1,744,000 | 2,537,000 | 1,705,000 |
| Securities available for sale | 12,563,000 | 12,092,000 | 11,183,000 | 10,836,000 |
| Securities held to maturity | 112,000 | 95,000 | 81,000 | 42,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 133,413,000 | 125,963,000 | 124,402,000 | 126,459,000 |
| Interest-bearing deposits | 91,799,000 | 86,753,000 | 87,185,000 | 87,072,000 |
| Noninterest-bearing deposits | 41,614,000 | 39,210,000 | 37,217,000 | 39,387,000 |
| Equity capital | 16,806,000 | 16,759,000 | 16,552,000 | 16,745,000 |
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 | 2,417,000 | 4,616,000 | 6,804,000 | 8,922,000 |
| Interest expense | 688,000 | 1,250,000 | 1,746,000 | 2,222,000 |
| Net interest income | 1,729,000 | 3,366,000 | 5,058,000 | 6,700,000 |
| Noninterest income | 235,000 | 498,000 | 770,000 | 1,029,000 |
| Noninterest expense | 1,512,000 | 3,063,000 | 4,580,000 | 6,111,000 |
| Provision for loan losses | 92,000 | 413,000 | 1,238,000 | 1,562,000 |
| Pretax income | 360,000 | 388,000 | 10,000 | 56,000 |
| Income tax | 113,000 | 96,000 | -89,000 | -169,000 |
| Net income | 247,000 | 292,000 | 99,000 | 225,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,620,000 | 16,627,000 | 16,447,000 | 16,592,000 |
| Total capital | 18,114,000 | 18,226,000 | 18,022,000 | 18,171,000 |
| Risk-weighted assets | 128,271,000 | 127,672,000 | 124,961,000 | 126,174,000 |
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