Call reports 2008
NEW ENGLAND BANK — 2008
What NEW ENGLAND 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 | 231,622,000 | 240,630,000 | 238,334,000 | 242,665,000 |
| Total loans | 159,997,000 | 163,776,000 | 168,999,000 | 183,403,000 |
| Allowance for loan losses | 1,970,000 | 2,047,000 | 2,114,000 | 2,472,000 |
| Securities available for sale | 35,873,000 | 37,167,000 | 33,725,000 | 32,349,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 181,171,000 | 190,046,000 | 192,388,000 | 191,096,000 |
| Interest-bearing deposits | 160,623,000 | 166,651,000 | 169,434,000 | 165,037,000 |
| Noninterest-bearing deposits | 20,548,000 | 23,395,000 | 22,954,000 | 26,059,000 |
| Equity capital | 40,425,000 | 40,441,000 | 36,338,000 | 36,994,000 |
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 | 3,357,000 | 6,532,000 | 9,692,000 | 12,903,000 |
| Interest expense | 1,570,000 | 3,030,000 | 4,436,000 | 5,847,000 |
| Net interest income | 1,787,000 | 3,502,000 | 5,256,000 | 7,056,000 |
| Noninterest income | 160,000 | 361,000 | 581,000 | 824,000 |
| Noninterest expense | 1,540,000 | 3,002,000 | 4,523,000 | 6,204,000 |
| Provision for loan losses | 39,000 | 127,000 | 223,000 | 728,000 |
| Pretax income | 368,000 | 734,000 | -1,382,000 | -1,630,000 |
| Income tax | 74,000 | 194,000 | 306,000 | -464,000 |
| Net income | 294,000 | 540,000 | -1,688,000 | -1,166,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 24,286,000 | 24,687,000 | 21,212,000 | 21,186,000 |
| Total capital | 26,256,000 | 26,734,000 | 23,326,000 | 23,657,000 |
| Risk-weighted assets | 183,223,000 | 188,134,000 | 187,211,000 | 197,010,000 |