Call reports 2008
MECHANICS BANK — 2008
What MECHANICS 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 | 2,706,040,000 | 2,656,294,000 | 2,740,338,000 | 2,869,683,000 |
| Total loans | 1,826,880,000 | 1,833,183,000 | 1,856,803,000 | 1,887,216,000 |
| Allowance for loan losses | 28,017,000 | 28,521,000 | 29,211,000 | 28,882,000 |
| Securities available for sale | 521,740,000 | 520,018,000 | 515,298,000 | 630,050,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 142,792,000 | 119,871,000 | 149,821,000 | 50,254,000 |
| Total deposits | 2,120,115,000 | 2,104,010,000 | 2,128,082,000 | 2,215,354,000 |
| Interest-bearing deposits | 1,547,625,000 | 1,568,798,000 | 1,575,186,000 | 1,646,770,000 |
| Noninterest-bearing deposits | 572,490,000 | 535,212,000 | 552,896,000 | 568,584,000 |
| Equity capital | 281,034,000 | 277,363,000 | 279,288,000 | 288,531,000 |
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 | 39,273,000 | 75,552,000 | 111,823,000 | 147,672,000 |
| Interest expense | 13,011,000 | 23,606,000 | 33,511,000 | 42,102,000 |
| Net interest income | 26,262,000 | 51,946,000 | 78,312,000 | 105,570,000 |
| Noninterest income | 6,131,000 | 11,517,000 | 17,194,000 | 23,970,000 |
| Noninterest expense | 22,312,000 | 45,593,000 | 68,402,000 | 92,314,000 |
| Provision for loan losses | 897,000 | 1,599,000 | 3,423,000 | 24,425,000 |
| Pretax income | 9,209,000 | 16,301,000 | 22,873,000 | 11,993,000 |
| Income tax | 2,474,000 | 4,002,000 | 5,101,000 | -1,024,000 |
| Net income | 6,735,000 | 12,299,000 | 17,772,000 | 13,017,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 283,908,000 | 287,755,000 | 291,820,000 | 285,418,000 |
| Total capital | 310,237,000 | 313,982,000 | 318,507,000 | 312,183,000 |
| Risk-weighted assets | 2,103,330,000 | 2,094,689,000 | 2,129,768,000 | 2,137,606,000 |