Call reports 2008
FIRST BANK OF CHARLESTON, INC. — 2008
What FIRST BANK OF CHARLESTON, INC. 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 | 130,323,000 | 132,932,000 | 140,477,000 | 149,537,000 |
| Total loans | 107,345,000 | 112,606,000 | 118,827,000 | 124,848,000 |
| Allowance for loan losses | 1,450,000 | 1,485,000 | 1,555,000 | 1,875,000 |
| Securities available for sale | 8,498,000 | 7,054,000 | 12,454,000 | 12,783,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 106,927,000 | 107,722,000 | 116,587,000 | 122,436,000 |
| Interest-bearing deposits | 99,076,000 | 99,563,000 | 107,690,000 | 113,687,000 |
| Noninterest-bearing deposits | 7,851,000 | 8,159,000 | 8,897,000 | 8,749,000 |
| Equity capital | 10,252,000 | 10,317,000 | 10,429,000 | 13,051,000 |
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 | 2,061,000 | 4,100,000 | 6,278,000 | 8,455,000 |
| Interest expense | 1,100,000 | 2,128,000 | 3,099,000 | 4,070,000 |
| Net interest income | 961,000 | 1,972,000 | 3,179,000 | 4,385,000 |
| Noninterest income | 87,000 | 220,000 | 337,000 | 498,000 |
| Noninterest expense | 582,000 | 1,195,000 | 1,828,000 | 2,500,000 |
| Provision for loan losses | 75,000 | 150,000 | 225,000 | 544,000 |
| Pretax income | 391,000 | 847,000 | 1,264,000 | 1,621,000 |
| Income tax | 174,000 | 377,000 | 540,000 | 700,000 |
| Net income | 217,000 | 470,000 | 724,000 | 921,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,102,000 | 10,283,000 | 10,466,000 | 13,097,000 |
| Total capital | 11,330,000 | 11,401,000 | 11,721,000 | 14,574,000 |
| Risk-weighted assets | 98,076,000 | 101,378,000 | 111,510,000 | 118,778,000 |
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