Call reports 2007
KENT COMMERCE BANK — 2007
What KENT COMMERCE BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 81,293,000 | 81,508,000 | 80,717,000 | 87,037,000 |
| Total loans | 75,725,000 | 77,043,000 | 77,429,000 | 83,357,000 |
| Allowance for loan losses | 1,283,000 | 1,309,000 | 1,356,000 | 1,527,000 |
| Securities available for sale | 496,000 | 499,000 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 71,445,000 | 63,043,000 | 65,136,000 | 72,309,000 |
| Interest-bearing deposits | 62,887,000 | 53,425,000 | 57,531,000 | 64,365,000 |
| Noninterest-bearing deposits | 8,558,000 | 9,618,000 | 7,605,000 | 7,944,000 |
| Equity capital | 8,571,000 | 8,459,000 | 8,291,000 | 8,030,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 1,611,000 | 3,181,000 | 4,751,000 | 6,197,000 |
| Interest expense | 749,000 | 1,465,000 | 2,198,000 | 2,951,000 |
| Net interest income | 862,000 | 1,716,000 | 2,553,000 | 3,246,000 |
| Noninterest income | 175,000 | 239,000 | 304,000 | 357,000 |
| Noninterest expense | 731,000 | 1,418,000 | 2,165,000 | 2,942,000 |
| Provision for loan losses | 26,000 | 125,000 | 232,000 | 592,000 |
| Pretax income | 280,000 | 412,000 | 460,000 | 69,000 |
| Income tax | 98,000 | 143,000 | 160,000 | 30,000 |
| Net income | 182,000 | 269,000 | 300,000 | 39,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,782,000 | 7,669,000 | 7,500,000 | 7,239,000 |
| Total capital | 8,755,000 | 8,648,000 | 8,476,000 | 8,283,000 |
| Risk-weighted assets | 77,531,000 | 77,958,000 | 77,707,000 | 83,073,000 |