Call reports 2008
KENT COMMERCE BANK — 2008
What KENT COMMERCE 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 | 84,346,000 | 87,071,000 | 83,847,000 | 79,904,000 |
| Total loans | 78,370,000 | 77,800,000 | 74,956,000 | 71,135,000 |
| Allowance for loan losses | 1,476,000 | 2,318,000 | 2,355,000 | 2,459,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 72,644,000 | 76,436,000 | 72,783,000 | 68,983,000 |
| Interest-bearing deposits | 64,469,000 | 67,649,000 | 65,248,000 | 61,184,000 |
| Noninterest-bearing deposits | 8,175,000 | 8,787,000 | 7,535,000 | 7,799,000 |
| Equity capital | 8,004,000 | 6,849,000 | 7,422,000 | 7,232,000 |
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 | 1,456,000 | 2,763,000 | 3,996,000 | 5,118,000 |
| Interest expense | 733,000 | 1,342,000 | 1,932,000 | 2,475,000 |
| Net interest income | 723,000 | 1,421,000 | 2,064,000 | 2,643,000 |
| Noninterest income | 127,000 | 33,000 | -175,000 | -189,000 |
| Noninterest expense | 689,000 | 1,419,000 | 2,163,000 | 2,906,000 |
| Provision for loan losses | 245,000 | 1,867,000 | 1,931,000 | 2,540,000 |
| Pretax income | -84,000 | -1,832,000 | -2,205,000 | -2,992,000 |
| Income tax | -28,000 | -621,000 | -747,000 | -1,013,000 |
| Net income | -56,000 | -1,211,000 | -1,458,000 | -1,979,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,213,000 | 6,058,000 | 6,306,000 | 5,885,000 |
| Total capital | 8,200,000 | 7,055,000 | 7,252,000 | 6,784,000 |
| Risk-weighted assets | 78,450,000 | 78,412,000 | 74,294,000 | 70,373,000 |