Call reports 2008
ESSEX BANK — 2008
What ESSEX 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 | 315,387,000 | 382,604,000 | 719,947,000 | 1,029,202,000 |
| Total loans | 231,145,000 | 235,118,000 | 504,481,000 | 522,526,000 |
| Allowance for loan losses | 2,559,000 | 2,004,000 | 6,235,000 | 6,939,000 |
| Securities available for sale | 52,101,000 | 52,204,000 | 79,550,000 | 193,567,000 |
| Securities held to maturity | 3,000,000 | 3,000,000 | 3,000,000 | 94,865,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 253,034,000 | 300,160,000 | 527,471,000 | 863,575,000 |
| Interest-bearing deposits | 244,977,000 | 246,237,000 | 488,665,000 | 745,066,000 |
| Noninterest-bearing deposits | 8,056,000 | 53,923,000 | 38,806,000 | 118,509,000 |
| Equity capital | 34,033,000 | 53,554,000 | 110,575,000 | 107,993,000 |
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 | 4,667,000 | 9,271,000 | 27,511,000 | 37,953,000 |
| Interest expense | 2,222,000 | 4,332,000 | 12,120,000 | 17,270,000 |
| Net interest income | 2,445,000 | 4,939,000 | 15,391,000 | 20,683,000 |
| Noninterest income | 548,000 | 1,114,000 | 2,311,000 | 3,322,000 |
| Noninterest expense | 2,444,000 | 4,849,000 | 18,556,000 | 22,962,000 |
| Provision for loan losses | 0 | 100,000 | 2,882,000 | 4,119,000 |
| Pretax income | 555,000 | 1,110,000 | -3,730,000 | -3,070,000 |
| Income tax | 91,000 | 168,000 | 157,000 | 40,000 |
| Net income | 464,000 | 447,000 | -4,382,000 | -3,605,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 33,932,000 | 28,307,000 | 63,107,000 | 55,959,000 |
| Total capital | 36,174,000 | 34,122,000 | 69,025,000 | 62,517,000 |
| Risk-weighted assets | 237,374,000 | 251,610,000 | 615,425,000 | 606,687,000 |
Machine access — free, no API key
Every figure shown here about ESSEX BANK — 2008 can also be queried live: FACTANKER runs an MCP server at https://factanker.com/mcp (tools: lookup_entity, get_facts, query_template, search_facts) and a REST endpoint at https://factanker.com/api/get_facts. Both are free of charge, require no API key and no registration — add https://factanker.com/mcp as a connector in Claude, ChatGPT or Copilot. Every answer carries its source document and a citation reference. Setup: /quickstart.