Call reports 2008
CHELSEA BANK — 2008
What CHELSEA 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 | 50,519,000 | 47,192,000 | 45,315,000 | 45,103,000 |
| Total loans | 34,921,000 | 34,667,000 | 34,696,000 | 36,574,000 |
| Allowance for loan losses | 216,000 | 191,000 | 213,000 | 260,000 |
| Securities available for sale | 3,609,000 | 3,626,000 | 134,000 | 0 |
| Securities held to maturity | 3,449,000 | 3,449,000 | 3,449,000 | 3,554,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 41,618,000 | 38,566,000 | 36,940,000 | 34,972,000 |
| Interest-bearing deposits | 36,521,000 | 34,137,000 | 32,191,000 | 32,105,000 |
| Noninterest-bearing deposits | 5,097,000 | 4,429,000 | 4,749,000 | 2,867,000 |
| Equity capital | 4,734,000 | 4,738,000 | 4,761,000 | 4,701,000 |
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 | 691,000 | 1,303,000 | 1,900,000 | 2,508,000 |
| Interest expense | 293,000 | 538,000 | 750,000 | 955,000 |
| Net interest income | 398,000 | 765,000 | 1,150,000 | 1,553,000 |
| Noninterest income | 110,000 | 209,000 | 323,000 | 441,000 |
| Noninterest expense | 463,000 | 928,000 | 1,374,000 | 1,960,000 |
| Provision for loan losses | 0 | 0 | 22,000 | 69,000 |
| Pretax income | 45,000 | 46,000 | 77,000 | -35,000 |
| Income tax | 14,000 | 11,000 | 19,000 | -33,000 |
| Net income | 31,000 | 35,000 | 58,000 | -2,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,697,000 | 4,703,000 | 4,726,000 | 4,674,000 |
| Total capital | 4,913,000 | 4,894,000 | 4,939,000 | 4,934,000 |
| Risk-weighted assets | 32,150,000 | 32,333,000 | 26,512,000 | 29,905,000 |
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