Call reports 2008
SOMERSET HILLS BANK — 2008
What SOMERSET HILLS 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 | 288,566,000 | 283,280,000 | 286,255,000 | 299,389,000 |
| Total loans | 207,237,000 | 213,402,000 | 214,389,000 | 213,382,000 |
| Allowance for loan losses | 3,126,000 | 3,041,000 | 3,059,000 | 2,819,000 |
| Securities available for sale | 23,603,000 | 25,107,000 | 21,203,000 | 36,846,000 |
| Securities held to maturity | 12,057,000 | 12,056,000 | 12,056,000 | 12,293,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 247,312,000 | 242,135,000 | 244,200,000 | 256,697,000 |
| Interest-bearing deposits | 188,037,000 | 186,024,000 | 185,988,000 | 198,803,000 |
| Noninterest-bearing deposits | 59,275,000 | 56,111,000 | 58,212,000 | 57,894,000 |
| Equity capital | 28,929,000 | 28,881,000 | 29,483,000 | 30,321,000 |
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 | 3,951,000 | 7,632,000 | 11,337,000 | 14,988,000 |
| Interest expense | 1,289,000 | 2,294,000 | 3,259,000 | 4,275,000 |
| Net interest income | 2,662,000 | 5,338,000 | 8,078,000 | 10,713,000 |
| Noninterest income | 465,000 | 987,000 | 1,467,000 | 1,740,000 |
| Noninterest expense | 2,426,000 | 4,955,000 | 7,415,000 | 9,739,000 |
| Provision for loan losses | 70,000 | 215,000 | 365,000 | 515,000 |
| Pretax income | 631,000 | 1,155,000 | 1,765,000 | 2,206,000 |
| Income tax | 176,000 | 323,000 | 499,000 | 599,000 |
| Net income | 455,000 | 832,000 | 1,266,000 | 1,607,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 28,675,000 | 29,051,000 | 29,486,000 | 29,827,000 |
| Total capital | 31,762,000 | 32,092,000 | 32,545,000 | 32,646,000 |
| Risk-weighted assets | 246,947,000 | 247,139,000 | 253,198,000 | 250,010,000 |