Call reports 2008
STATE BANK OF DANVERS — 2008
What STATE BANK OF DANVERS 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 | 35,621,000 | 35,227,000 | 37,341,000 | 36,227,000 |
| Total loans | 21,322,000 | 21,946,000 | 23,860,000 | 24,750,000 |
| Allowance for loan losses | 790,000 | 793,000 | 849,000 | 853,000 |
| Securities available for sale | 7,274,000 | 7,823,000 | 7,737,000 | 8,079,000 |
| Securities held to maturity | 320,000 | 315,000 | 310,000 | 281,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 30,768,000 | 30,493,000 | 32,569,000 | 31,263,000 |
| Interest-bearing deposits | 25,559,000 | 25,193,000 | 26,655,000 | 25,675,000 |
| Noninterest-bearing deposits | 5,209,000 | 5,300,000 | 5,914,000 | 5,588,000 |
| Equity capital | 4,332,000 | 4,019,000 | 4,074,000 | 4,106,000 |
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 | 650,000 | 1,188,000 | 1,779,000 | 2,303,000 |
| Interest expense | 200,000 | 376,000 | 537,000 | 683,000 |
| Net interest income | 450,000 | 812,000 | 1,242,000 | 1,620,000 |
| Noninterest income | 20,000 | 39,000 | 51,000 | 62,000 |
| Noninterest expense | 287,000 | 574,000 | 1,073,000 | 1,393,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 183,000 | 277,000 | 220,000 | 289,000 |
| Income tax | 57,000 | 80,000 | 30,000 | 117,000 |
| Net income | 126,000 | 197,000 | 190,000 | 172,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,245,000 | 4,315,000 | 4,308,000 | 4,291,000 |
| Total capital | 4,568,000 | 4,647,000 | 4,660,000 | 4,648,000 |
| Risk-weighted assets | 25,452,000 | 26,119,000 | 27,688,000 | 28,122,000 |
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