Call reports 2008
FIRST INDEPENDENT BANK — 2008
What FIRST INDEPENDENT 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 | 124,334,000 | 118,628,000 | 119,433,000 | 145,526,000 |
| Total loans | 88,302,000 | 89,137,000 | 89,697,000 | 102,837,000 |
| Allowance for loan losses | 2,140,000 | 1,807,000 | 1,764,000 | 1,846,000 |
| Securities available for sale | 16,841,000 | 18,192,000 | 17,535,000 | 22,393,000 |
| Securities held to maturity | 1,950,000 | 1,934,000 | 2,668,000 | 3,586,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 107,868,000 | 102,833,000 | 102,752,000 | 116,882,000 |
| Interest-bearing deposits | 97,386,000 | 93,131,000 | 91,961,000 | 102,129,000 |
| Noninterest-bearing deposits | 10,482,000 | 9,702,000 | 10,791,000 | 14,753,000 |
| Equity capital | 12,383,000 | 12,185,000 | 12,444,000 | 14,429,000 |
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 | 2,078,000 | 3,998,000 | 5,882,000 | 8,801,000 |
| Interest expense | 978,000 | 1,850,000 | 2,649,000 | 3,761,000 |
| Net interest income | 1,100,000 | 2,148,000 | 3,233,000 | 5,040,000 |
| Noninterest income | 111,000 | 229,000 | 389,000 | 612,000 |
| Noninterest expense | 965,000 | 1,967,000 | 2,946,000 | 4,478,000 |
| Provision for loan losses | 0 | 0 | 62,000 | 162,000 |
| Pretax income | 246,000 | 410,000 | 614,000 | 1,012,000 |
| Income tax | 14,000 | 113,000 | 185,000 | 325,000 |
| Net income | 232,000 | 297,000 | 429,000 | 687,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,726,000 | 10,816,000 | 10,973,000 | 12,806,000 |
| Total capital | 11,900,000 | 11,974,000 | 12,121,000 | 14,231,000 |
| Risk-weighted assets | 92,941,000 | 91,933,000 | 91,223,000 | 113,564,000 |