Call reports 2007
BANK OF EVERETT — 2007
What BANK OF EVERETT reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 21,365,000 | 22,951,000 | 23,709,000 | 28,946,000 |
| Total loans | 18,052,000 | 18,122,000 | 20,260,000 | 24,170,000 |
| Allowance for loan losses | 255,000 | 260,000 | 290,000 | 418,000 |
| Securities available for sale | 247,000 | 248,000 | 249,000 | 250,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 13,764,000 | 15,426,000 | 16,298,000 | 21,715,000 |
| Interest-bearing deposits | 12,492,000 | 13,100,000 | 14,096,000 | 19,132,000 |
| Noninterest-bearing deposits | 1,272,000 | 2,326,000 | 2,202,000 | 2,583,000 |
| Equity capital | 7,576,000 | 7,462,000 | 7,334,000 | 7,131,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 436,000 | 898,000 | 1,379,000 | 1,879,000 |
| Interest expense | 120,000 | 255,000 | 399,000 | 581,000 |
| Net interest income | 316,000 | 643,000 | 980,000 | 1,298,000 |
| Noninterest income | 8,000 | 18,000 | 24,000 | 28,000 |
| Noninterest expense | 480,000 | 983,000 | 1,490,000 | 1,989,000 |
| Provision for loan losses | 133,000 | 138,000 | 168,000 | 296,000 |
| Pretax income | -289,000 | -460,000 | -654,000 | -959,000 |
| Income tax | -98,000 | -155,000 | -221,000 | -323,000 |
| Net income | -191,000 | -305,000 | -433,000 | -636,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,104,000 | 6,933,000 | 6,739,000 | 6,434,000 |
| Total capital | 7,359,000 | 7,193,000 | 7,029,000 | 6,785,000 |
| Risk-weighted assets | 21,827,000 | 22,323,000 | 23,254,000 | 27,984,000 |