Call reports 2008
FIRST MOUNTAIN BANK — 2008
What FIRST MOUNTAIN 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 |
|---|---|---|---|
| Total assets | 23,999,000 | 27,099,000 | 27,137,000 |
| Total loans | 15,013,000 | 15,492,000 | 15,457,000 |
| Allowance for loan losses | 259,000 | 240,000 | 234,000 |
| Securities available for sale | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 18,386,000 | 19,370,000 | 20,054,000 |
| Interest-bearing deposits | 14,242,000 | 15,355,000 | 15,131,000 |
| Noninterest-bearing deposits | 4,144,000 | 4,015,000 | 4,923,000 |
| Equity capital | 1,932,000 | 4,069,000 | 4,236,000 |
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 |
|---|---|---|---|
| Interest income | 411,000 | 275,000 | 684,000 |
| Interest expense | 119,000 | 75,000 | 184,000 |
| Net interest income | 292,000 | 200,000 | 500,000 |
| Noninterest income | 275,000 | 31,000 | 82,000 |
| Noninterest expense | 236,000 | 162,000 | 390,000 |
| Provision for loan losses | 0 | 0 | 0 |
| Pretax income | 331,000 | 69,000 | 192,000 |
| Income tax | 0 | 0 | 0 |
| Net income | 331,000 | 69,000 | 192,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 |
|---|---|---|---|
| Tier 1 capital | 1,932,000 | 2,299,000 | 2,461,000 |
| Total capital | 2,093,000 | 2,491,000 | 2,657,000 |
| Risk-weighted assets | 12,755,000 | 15,525,000 | 15,596,000 |