Call reports 2008
BANK OF EVERETT — 2008
What BANK OF EVERETT 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 | 33,744,000 | 33,193,000 | 39,412,000 | 44,755,000 |
| Total loans | 27,587,000 | 28,894,000 | 32,059,000 | 33,755,000 |
| Allowance for loan losses | 515,000 | 475,000 | 510,000 | 686,000 |
| Securities available for sale | 254,000 | 251,000 | 250,000 | 253,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 26,705,000 | 26,578,000 | 32,941,000 | 38,450,000 |
| Interest-bearing deposits | 24,550,000 | 23,876,000 | 29,341,000 | 34,211,000 |
| Noninterest-bearing deposits | 2,155,000 | 2,702,000 | 3,600,000 | 4,239,000 |
| Equity capital | 6,933,000 | 6,474,000 | 6,350,000 | 6,176,000 |
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 | 475,000 | 940,000 | 1,472,000 | 2,038,000 |
| Interest expense | 207,000 | 411,000 | 623,000 | 862,000 |
| Net interest income | 268,000 | 529,000 | 849,000 | 1,176,000 |
| Noninterest income | 16,000 | 53,000 | 69,000 | 106,000 |
| Noninterest expense | 491,000 | 1,017,000 | 1,504,000 | 1,959,000 |
| Provision for loan losses | 97,000 | 557,000 | 592,000 | 768,000 |
| Pretax income | -304,000 | -992,000 | -1,178,000 | -1,445,000 |
| Income tax | -103,000 | -336,000 | -399,000 | -489,000 |
| Net income | -201,000 | -656,000 | -779,000 | -956,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,130,000 | 5,442,000 | 5,256,000 | 4,989,000 |
| Total capital | 6,523,000 | 5,846,000 | 5,687,000 | 5,428,000 |
| Risk-weighted assets | 31,356,000 | 32,277,000 | 34,395,000 | 34,883,000 |
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