Call reports 2007
WESTSOUND BANK — 2007
What WESTSOUND BANK 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 | 434,791,000 | 454,420,000 | 467,226,000 | 489,008,000 |
| Total loans | 381,490,000 | 407,694,000 | 425,673,000 | 412,950,000 |
| Allowance for loan losses | 4,407,000 | 4,492,000 | 17,852,000 | 19,514,000 |
| Securities available for sale | 7,928,000 | 8,357,000 | 8,700,000 | 8,832,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 362,458,000 | 380,501,000 | 400,047,000 | 422,216,000 |
| Interest-bearing deposits | 334,173,000 | 349,890,000 | 372,152,000 | 396,851,000 |
| Noninterest-bearing deposits | 28,285,000 | 30,611,000 | 27,895,000 | 25,365,000 |
| Equity capital | 69,468,000 | 71,011,000 | 63,509,000 | 63,365,000 |
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 | 8,637,000 | 18,347,000 | 28,486,000 | 37,378,000 |
| Interest expense | 3,663,000 | 7,845,000 | 12,359,000 | 16,912,000 |
| Net interest income | 4,974,000 | 10,502,000 | 16,127,000 | 20,466,000 |
| Noninterest income | 1,345,000 | 2,576,000 | 3,454,000 | 4,344,000 |
| Noninterest expense | 3,973,000 | 7,928,000 | 12,382,000 | 15,745,000 |
| Provision for loan losses | 485,000 | 804,000 | 14,179,000 | 15,879,000 |
| Pretax income | 1,861,000 | 4,346,000 | -6,980,000 | -6,814,000 |
| Income tax | 545,000 | 1,448,000 | -2,324,000 | -2,625,000 |
| Net income | 1,316,000 | 2,898,000 | -4,656,000 | -4,189,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 69,502,000 | 71,084,000 | 63,531,000 | 63,297,000 |
| Total capital | 74,019,000 | 75,693,000 | 69,048,000 | 68,761,000 |
| Risk-weighted assets | 387,299,000 | 418,052,000 | 428,364,000 | 422,579,000 |
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