Call reports 2008
SHERWOOD STATE BANK, THE — 2008
What SHERWOOD STATE BANK, THE 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 | 44,049,000 | 43,453,000 | 46,640,000 | 46,883,000 |
| Total loans | 32,111,000 | 32,776,000 | 34,647,000 | 34,875,000 |
| Allowance for loan losses | 168,000 | 225,000 | 267,000 | 405,000 |
| Securities available for sale | 8,786,000 | 7,627,000 | 8,749,000 | 9,349,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 33,743,000 | 33,366,000 | 36,577,000 | 36,416,000 |
| Interest-bearing deposits | 30,000,000 | 29,211,000 | 32,549,000 | 32,253,000 |
| Noninterest-bearing deposits | 3,743,000 | 4,155,000 | 4,028,000 | 4,163,000 |
| Equity capital | 3,384,000 | 3,221,000 | 3,594,000 | 3,653,000 |
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 | 734,000 | 1,488,000 | 2,246,000 | 2,985,000 |
| Interest expense | 323,000 | 622,000 | 901,000 | 1,171,000 |
| Net interest income | 411,000 | 866,000 | 1,345,000 | 1,814,000 |
| Noninterest income | 43,000 | 92,000 | 153,000 | 198,000 |
| Noninterest expense | 383,000 | 808,000 | 1,227,000 | 1,576,000 |
| Provision for loan losses | 29,000 | 135,000 | 236,000 | 441,000 |
| Pretax income | 46,000 | 22,000 | 42,000 | 2,000 |
| Income tax | 4,000 | -13,000 | -9,000 | -41,000 |
| Net income | 42,000 | 35,000 | 51,000 | 43,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,317,000 | 3,310,000 | 3,625,000 | 3,607,000 |
| Total capital | 3,785,000 | 3,835,000 | 3,892,000 | 4,012,000 |
| Risk-weighted assets | 31,441,000 | 31,928,000 | 34,173,000 | 34,504,000 |