Call reports 2008
SOLERA NATIONAL BANK — 2008
What SOLERA NATIONAL 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 | 36,704,000 | 48,589,000 | 54,935,000 | 67,738,000 |
| Total loans | 7,723,000 | 11,519,000 | 14,146,000 | 21,356,000 |
| Allowance for loan losses | 84,000 | 134,000 | 180,000 | 268,000 |
| Securities available for sale | 21,601,000 | 30,554,000 | 31,869,000 | 41,559,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 19,889,000 | 22,487,000 | 29,054,000 | 41,730,000 |
| Interest-bearing deposits | 15,391,000 | 17,925,000 | 23,067,000 | 37,819,000 |
| Noninterest-bearing deposits | 4,498,000 | 4,563,000 | 5,987,000 | 3,911,000 |
| Equity capital | 16,421,000 | 15,613,000 | 15,385,000 | 14,962,000 |
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 | 369,000 | 866,000 | 1,512,000 | 2,222,000 |
| Interest expense | 92,000 | 238,000 | 437,000 | 689,000 |
| Net interest income | 277,000 | 628,000 | 1,075,000 | 1,533,000 |
| Noninterest income | 9,000 | 26,000 | 54,000 | 114,000 |
| Noninterest expense | 787,000 | 1,563,000 | 2,450,000 | 3,578,000 |
| Provision for loan losses | 37,000 | 87,000 | 133,000 | 221,000 |
| Pretax income | -498,000 | -951,000 | -1,409,000 | -2,105,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -498,000 | -951,000 | -1,409,000 | -2,105,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,297,000 | 15,899,000 | 15,496,000 | 14,814,000 |
| Total capital | 16,381,000 | 16,033,000 | 15,676,000 | 15,082,000 |
| Risk-weighted assets | 14,439,000 | 21,265,000 | 23,681,000 | 32,728,000 |