Call reports 2008
TRUSTATLANTIC BANK — 2008
What TRUSTATLANTIC 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 | 182,733,000 | 218,278,000 | 262,714,000 | 300,920,000 |
| Total loans | 137,759,000 | 164,327,000 | 195,699,000 | 243,771,000 |
| Allowance for loan losses | 1,821,000 | 2,149,000 | 2,548,000 | 3,143,000 |
| Securities available for sale | 31,897,000 | 38,202,000 | 38,643,000 | 42,937,000 |
| Securities held to maturity | 1,500,000 | 1,500,000 | 1,500,000 | 1,999,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 146,777,000 | 184,010,000 | 229,331,000 | 266,982,000 |
| Interest-bearing deposits | 141,002,000 | 175,191,000 | 218,727,000 | 254,101,000 |
| Noninterest-bearing deposits | 5,775,000 | 8,819,000 | 10,604,000 | 12,880,000 |
| Equity capital | 34,486,000 | 33,045,000 | 31,714,000 | 31,909,000 |
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 | 2,578,000 | 5,451,000 | 8,767,000 | 12,504,000 |
| Interest expense | 1,289,000 | 2,780,000 | 4,420,000 | 6,351,000 |
| Net interest income | 1,289,000 | 2,671,000 | 4,347,000 | 6,153,000 |
| Noninterest income | 38,000 | 76,000 | 39,000 | 81,000 |
| Noninterest expense | 1,539,000 | 3,278,000 | 5,066,000 | 6,858,000 |
| Provision for loan losses | 591,000 | 950,000 | 1,366,000 | 1,981,000 |
| Pretax income | -803,000 | -1,481,000 | -2,046,000 | -3,021,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -803,000 | -1,481,000 | -2,046,000 | -3,021,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 30,444,000 | 29,778,000 | 29,222,000 | 29,257,000 |
| Total capital | 32,315,000 | 31,989,000 | 31,837,000 | 32,470,000 |
| Risk-weighted assets | 154,689,000 | 180,967,000 | 215,310,000 | 267,621,000 |