Call reports 2008
MINERS EXCHANGE BANK — 2008
What MINERS EXCHANGE 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 | 87,575,000 | 90,800,000 | 90,958,000 | 95,935,000 |
| Total loans | 50,951,000 | 52,171,000 | 54,824,000 | 56,377,000 |
| Allowance for loan losses | 571,000 | 562,000 | 593,000 | 667,000 |
| Securities available for sale | 12,132,000 | 12,246,000 | 13,303,000 | 12,802,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 78,534,000 | 82,056,000 | 82,699,000 | 87,294,000 |
| Interest-bearing deposits | 60,688,000 | 62,656,000 | 62,849,000 | 67,554,000 |
| Noninterest-bearing deposits | 17,846,000 | 19,400,000 | 19,850,000 | 19,740,000 |
| Equity capital | 8,335,000 | 7,991,000 | 7,545,000 | 8,106,000 |
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 | 1,346,000 | 2,709,000 | 4,105,000 | 5,475,000 |
| Interest expense | 352,000 | 696,000 | 1,018,000 | 1,316,000 |
| Net interest income | 994,000 | 2,013,000 | 3,087,000 | 4,159,000 |
| Noninterest income | 59,000 | 134,000 | 219,000 | 327,000 |
| Noninterest expense | 918,000 | 1,829,000 | 2,740,000 | 3,739,000 |
| Provision for loan losses | 12,000 | 44,000 | 82,000 | 197,000 |
| Pretax income | 128,000 | 282,000 | -309,000 | -388,000 |
| Income tax | 39,000 | 90,000 | 161,000 | -244,000 |
| Net income | 89,000 | 192,000 | -470,000 | -144,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,356,000 | 8,460,000 | 7,797,000 | 8,123,000 |
| Total capital | 8,927,000 | 9,022,000 | 8,390,000 | 8,777,000 |
| Risk-weighted assets | 48,369,000 | 50,068,000 | 50,737,000 | 52,341,000 |