Call reports 2008
LEVEL ONE BANK — 2008
What LEVEL ONE 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 | 28,711,000 | 39,530,000 | 55,597,000 | 72,189,000 |
| Total loans | 15,986,000 | 29,955,000 | 46,446,000 | 61,785,000 |
| Allowance for loan losses | 193,000 | 364,000 | 578,000 | 788,000 |
| Securities available for sale | 0 | 0 | 501,000 | 1,399,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 16,135,000 | 25,973,000 | 44,094,000 | 58,318,000 |
| Interest-bearing deposits | 12,414,000 | 20,632,000 | 34,631,000 | 47,887,000 |
| Noninterest-bearing deposits | 3,721,000 | 5,341,000 | 9,463,000 | 10,431,000 |
| Equity capital | 12,529,000 | 11,970,000 | 11,342,000 | 10,878,000 |
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 | 288,000 | 614,000 | 1,149,000 | 1,854,000 |
| Interest expense | 96,000 | 206,000 | 423,000 | 697,000 |
| Net interest income | 192,000 | 408,000 | 726,000 | 1,157,000 |
| Noninterest income | 50,000 | 70,000 | 124,000 | 176,000 |
| Noninterest expense | 643,000 | 1,291,000 | 2,098,000 | 2,864,000 |
| Provision for loan losses | 96,000 | 267,000 | 481,000 | 693,000 |
| Pretax income | -497,000 | -1,080,000 | -1,729,000 | -2,224,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -497,000 | -1,080,000 | -1,729,000 | -2,224,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,529,000 | 11,970,000 | 11,342,000 | 10,869,000 |
| Total capital | 12,722,000 | 12,334,000 | 11,920,000 | 11,657,000 |
| Risk-weighted assets | 20,515,000 | 37,030,000 | 54,888,000 | 68,258,000 |