Call reports 2008
SERVBANK, NATIONAL ASSOCIATION — 2008
What SERVBANK, NATIONAL ASSOCIATION 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 | 164,523,000 | 148,286,000 | 151,434,000 | 158,384,000 |
| Total loans | 138,966,000 | 126,525,000 | 122,305,000 | 128,286,000 |
| Allowance for loan losses | 1,146,000 | 1,498,000 | 1,182,000 | 1,855,000 |
| Securities available for sale | 7,146,000 | 6,767,000 | 13,174,000 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 12,954,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 114,391,000 | 112,559,000 | 104,200,000 | 106,754,000 |
| Interest-bearing deposits | 103,369,000 | 101,002,000 | 93,987,000 | 96,562,000 |
| Noninterest-bearing deposits | 11,022,000 | 11,557,000 | 10,213,000 | 10,192,000 |
| Equity capital | 12,139,000 | 11,452,000 | 11,370,000 | 11,198,000 |
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 | 2,197,000 | 4,204,000 | 6,234,000 | 8,223,000 |
| Interest expense | 1,337,000 | 2,569,000 | 3,810,000 | 4,963,000 |
| Net interest income | 860,000 | 1,635,000 | 2,424,000 | 3,260,000 |
| Noninterest income | 319,000 | 646,000 | 771,000 | 1,002,000 |
| Noninterest expense | 1,213,000 | 2,533,000 | 3,706,000 | 4,707,000 |
| Provision for loan losses | 45,000 | 815,000 | 1,059,000 | 1,760,000 |
| Pretax income | -79,000 | -1,067,000 | -1,578,000 | -2,213,000 |
| Income tax | -47,000 | -412,000 | -648,000 | -862,000 |
| Net income | -32,000 | -655,000 | -930,000 | -1,351,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,163,000 | 11,541,000 | 11,365,000 | 11,194,000 |
| Total capital | 13,309,000 | 13,039,000 | 12,547,000 | 12,765,000 |
| Risk-weighted assets | 132,984,000 | 122,544,000 | 121,765,000 | 125,432,000 |