Call reports 2008
ERICSON STATE BANK — 2008
What ERICSON STATE 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 | 47,417,000 | 47,643,000 | 48,911,000 | 49,175,000 |
| Total loans | 36,912,000 | 36,782,000 | 38,093,000 | 38,661,000 |
| Allowance for loan losses | 271,000 | 270,000 | 276,000 | 388,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 8,129,000 | 8,610,000 | 8,313,000 | 8,170,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 41,913,000 | 42,605,000 | 44,566,000 | 44,693,000 |
| Interest-bearing deposits | 38,979,000 | 39,235,000 | 40,761,000 | 41,805,000 |
| Noninterest-bearing deposits | 2,934,000 | 3,370,000 | 3,805,000 | 2,888,000 |
| Equity capital | 3,439,000 | 3,544,000 | 3,656,000 | 3,500,000 |
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 | 845,000 | 1,695,000 | 2,515,000 | 3,374,000 |
| Interest expense | 449,000 | 856,000 | 1,252,000 | 1,644,000 |
| Net interest income | 396,000 | 839,000 | 1,263,000 | 1,730,000 |
| Noninterest income | 52,000 | 110,000 | 158,000 | 188,000 |
| Noninterest expense | 227,000 | 490,000 | 720,000 | 1,065,000 |
| Provision for loan losses | 25,000 | 100,000 | 175,000 | 375,000 |
| Pretax income | 196,000 | 359,000 | 526,000 | 478,000 |
| Income tax | 16,000 | 46,000 | 76,000 | 170,000 |
| Net income | 180,000 | 313,000 | 450,000 | 308,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,439,000 | 3,544,000 | 3,656,000 | 3,500,000 |
| Total capital | 3,710,000 | 3,814,000 | 3,932,000 | 3,888,000 |
| Risk-weighted assets | 34,767,000 | 34,654,000 | 36,092,000 | 36,000,000 |