Call reports 2008
BEACH BANK — 2008
What BEACH 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 | 660,975,000 | 692,404,000 | 662,940,000 | 811,952,000 |
| Total loans | 483,547,000 | 476,652,000 | 484,132,000 | 487,006,000 |
| Allowance for loan losses | 6,181,000 | 6,062,000 | 6,158,000 | 7,010,000 |
| Securities available for sale | 139,469,000 | 126,192,000 | 128,076,000 | 262,199,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 531,087,000 | 592,754,000 | 560,546,000 | 670,800,000 |
| Interest-bearing deposits | 507,734,000 | 565,658,000 | 537,444,000 | 652,436,000 |
| Noninterest-bearing deposits | 23,353,000 | 27,096,000 | 23,102,000 | 18,364,000 |
| Equity capital | 61,687,000 | 57,717,000 | 56,406,000 | 56,119,000 |
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 | 10,912,000 | 20,949,000 | 30,563,000 | 39,834,000 |
| Interest expense | 6,428,000 | 12,123,000 | 17,855,000 | 23,365,000 |
| Net interest income | 4,484,000 | 8,826,000 | 12,708,000 | 16,469,000 |
| Noninterest income | 729,000 | 1,477,000 | 2,284,000 | 2,921,000 |
| Noninterest expense | 4,029,000 | 8,043,000 | 12,911,000 | 17,301,000 |
| Provision for loan losses | 750,000 | 5,322,000 | 6,762,000 | 10,379,000 |
| Pretax income | 430,000 | -3,066,000 | -4,685,000 | -8,299,000 |
| Income tax | 91,000 | -1,154,000 | -1,763,000 | -3,429,000 |
| Net income | 339,000 | -1,912,000 | -2,922,000 | -4,870,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 58,981,000 | 56,746,000 | 55,701,000 | 54,774,000 |
| Total capital | 65,162,000 | 62,808,000 | 61,859,000 | 61,784,000 |
| Risk-weighted assets | 521,174,000 | 513,658,000 | 528,635,000 | 561,316,000 |