Call reports 2008
1ST SECURITY BANK OF WASHINGTON — 2008
What 1ST SECURITY BANK OF WASHINGTON 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 | 268,115,000 | 234,390,000 | 234,306,000 | 255,369,000 |
| Total loans | 194,785,000 | 199,692,000 | 213,112,000 | 228,266,000 |
| Allowance for loan losses | 2,301,000 | 3,067,000 | 3,179,000 | 5,598,000 |
| Securities available for sale | 54,711,000 | 6,036,000 | 5,857,000 | 2,834,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 208,623,000 | 196,117,000 | 196,452,000 | 217,435,000 |
| Interest-bearing deposits | 186,525,000 | 175,407,000 | 175,696,000 | 195,977,000 |
| Noninterest-bearing deposits | 22,098,000 | 20,710,000 | 20,756,000 | 21,458,000 |
| Equity capital | 32,203,000 | 31,543,000 | 31,301,000 | 27,862,000 |
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 | 4,681,000 | 9,085,000 | 13,119,000 | 17,062,000 |
| Interest expense | 1,813,000 | 3,187,000 | 4,441,000 | 5,798,000 |
| Net interest income | 2,868,000 | 5,898,000 | 8,678,000 | 11,264,000 |
| Noninterest income | 728,000 | 1,178,000 | 1,823,000 | 2,462,000 |
| Noninterest expense | 3,150,000 | 6,176,000 | 9,374,000 | 12,272,000 |
| Provision for loan losses | -270,000 | 811,000 | 1,184,000 | 4,937,000 |
| Pretax income | 716,000 | -232,000 | -378,000 | -3,804,000 |
| Income tax | 234,000 | -74,000 | 0 | 0 |
| Net income | 482,000 | -158,000 | -378,000 | -3,804,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 31,888,000 | 31,464,000 | 31,240,000 | 27,826,000 |
| Total capital | 34,217,000 | 34,254,000 | 34,124,000 | 30,898,000 |
| Risk-weighted assets | 226,364,000 | 222,884,000 | 230,407,000 | 243,233,000 |