Call reports 2008
SOLUTIONS NORTH BANK — 2008
What SOLUTIONS NORTH 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 | 57,789,000 | 64,134,000 | 60,718,000 | 57,637,000 |
| Total loans | 39,418,000 | 41,394,000 | 42,565,000 | 43,126,000 |
| Allowance for loan losses | 401,000 | 416,000 | 472,000 | 623,000 |
| Securities available for sale | 8,895,000 | 5,575,000 | 7,153,000 | 6,497,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 52,034,000 | 57,750,000 | 55,127,000 | 52,092,000 |
| Interest-bearing deposits | 46,394,000 | 50,689,000 | 49,479,000 | 45,562,000 |
| Noninterest-bearing deposits | 5,640,000 | 7,061,000 | 5,648,000 | 6,530,000 |
| Equity capital | 5,404,000 | 5,275,000 | 5,290,000 | 5,287,000 |
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 | 908,000 | 1,751,000 | 2,604,000 | 3,401,000 |
| Interest expense | 308,000 | 572,000 | 837,000 | 1,023,000 |
| Net interest income | 600,000 | 1,179,000 | 1,767,000 | 2,378,000 |
| Noninterest income | 26,000 | 46,000 | 66,000 | 94,000 |
| Noninterest expense | 250,000 | 516,000 | 816,000 | 1,156,000 |
| Provision for loan losses | 11,000 | 26,000 | 81,000 | 231,000 |
| Pretax income | 365,000 | 683,000 | 936,000 | 1,085,000 |
| Income tax | 12,000 | 24,000 | 22,000 | 25,000 |
| Net income | 353,000 | 659,000 | 914,000 | 1,060,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,265,000 | 5,181,000 | 5,220,000 | 5,171,000 |
| Total capital | 5,666,000 | 5,597,000 | 5,692,000 | 5,716,000 |
| Risk-weighted assets | 45,437,000 | 48,134,000 | 47,727,000 | 46,171,000 |