Call reports 2008
WESTSOUND BANK — 2008
What WESTSOUND 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 | 502,789,000 | 428,546,000 | 396,841,000 | 364,960,000 |
| Total loans | 385,679,000 | 339,233,000 | 322,666,000 | 284,191,000 |
| Allowance for loan losses | 26,292,000 | 28,140,000 | 24,536,000 | 18,411,000 |
| Securities available for sale | 7,691,000 | 17,593,000 | 16,166,000 | 18,443,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 442,225,000 | 379,389,000 | 350,745,000 | 330,178,000 |
| Interest-bearing deposits | 418,585,000 | 356,906,000 | 331,123,000 | 313,078,000 |
| Noninterest-bearing deposits | 23,640,000 | 22,483,000 | 19,622,000 | 17,100,000 |
| Equity capital | 57,755,000 | 46,922,000 | 43,807,000 | 32,618,000 |
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 | 7,010,000 | 12,323,000 | 16,547,000 | 20,368,000 |
| Interest expense | 4,835,000 | 9,079,000 | 12,646,000 | 16,091,000 |
| Net interest income | 2,175,000 | 3,244,000 | 3,901,000 | 4,277,000 |
| Noninterest income | 226,000 | 228,000 | 9,000 | -1,187,000 |
| Noninterest expense | 3,321,000 | 7,344,000 | 10,961,000 | 15,196,000 |
| Provision for loan losses | 7,690,000 | 11,235,000 | 11,235,000 | 17,379,000 |
| Pretax income | -8,610,000 | -15,107,000 | -18,286,000 | -29,485,000 |
| Income tax | -2,928,000 | 1,261,000 | 1,261,000 | 1,455,000 |
| Net income | -5,682,000 | -16,368,000 | -19,547,000 | -30,940,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 57,615,000 | 46,929,000 | 43,750,000 | 32,357,000 |
| Total capital | 62,904,000 | 51,556,000 | 48,180,000 | 36,396,000 |
| Risk-weighted assets | 401,992,000 | 346,535,000 | 334,293,000 | 308,754,000 |