Call reports 2008
AMERIFIRST BANK — 2008
What AMERIFIRST 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 | 194,276,000 | 185,470,000 | 175,534,000 | 171,906,000 |
| Total loans | 117,271,000 | 113,992,000 | 115,019,000 | 112,053,000 |
| Allowance for loan losses | 1,460,000 | 1,432,000 | 1,412,000 | 1,492,000 |
| Securities available for sale | 49,907,000 | 51,787,000 | 47,326,000 | 42,654,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 169,038,000 | 160,608,000 | 143,631,000 | 143,008,000 |
| Interest-bearing deposits | 144,891,000 | 140,132,000 | 126,813,000 | 122,864,000 |
| Noninterest-bearing deposits | 24,147,000 | 20,476,000 | 16,818,000 | 20,144,000 |
| Equity capital | 16,883,000 | 16,405,000 | 16,987,000 | 16,415,000 |
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 | 2,909,000 | 5,569,000 | 8,113,000 | 10,476,000 |
| Interest expense | 1,470,000 | 2,730,000 | 3,825,000 | 4,719,000 |
| Net interest income | 1,439,000 | 2,839,000 | 4,288,000 | 5,757,000 |
| Noninterest income | 163,000 | 324,000 | 511,000 | 712,000 |
| Noninterest expense | 1,223,000 | 2,513,000 | 3,860,000 | 5,310,000 |
| Provision for loan losses | 0 | 0 | 0 | 80,000 |
| Pretax income | 491,000 | 799,000 | 1,145,000 | 1,364,000 |
| Income tax | 121,000 | 168,000 | 228,000 | 263,000 |
| Net income | 370,000 | 631,000 | 917,000 | 1,101,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,826,000 | 16,847,000 | 17,134,000 | 16,888,000 |
| Total capital | 18,286,000 | 18,279,000 | 18,546,000 | 18,380,000 |
| Risk-weighted assets | 144,322,000 | 140,557,000 | 139,443,000 | 137,129,000 |