Call reports 2008
LAKES STATE BANK — 2008
What LAKES 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 | 96,300,000 | 95,263,000 | 95,448,000 | 96,250,000 |
| Total loans | 79,000,000 | 81,158,000 | 81,653,000 | 79,467,000 |
| Allowance for loan losses | 994,000 | 1,013,000 | 952,000 | 928,000 |
| Securities available for sale | 5,832,000 | 6,581,000 | 6,626,000 | 6,624,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 84,929,000 | 83,699,000 | 83,944,000 | 81,771,000 |
| Interest-bearing deposits | 73,952,000 | 72,517,000 | 70,849,000 | 70,597,000 |
| Noninterest-bearing deposits | 10,977,000 | 11,182,000 | 13,095,000 | 11,174,000 |
| Equity capital | 10,589,000 | 10,472,000 | 10,858,000 | 11,051,000 |
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 | 1,742,000 | 3,407,000 | 5,067,000 | 6,655,000 |
| Interest expense | 735,000 | 1,400,000 | 1,971,000 | 2,502,000 |
| Net interest income | 1,007,000 | 2,007,000 | 3,096,000 | 4,153,000 |
| Noninterest income | 374,000 | 710,000 | 1,075,000 | 1,349,000 |
| Noninterest expense | 797,000 | 1,621,000 | 2,460,000 | 3,339,000 |
| Provision for loan losses | 45,000 | 90,000 | 135,000 | 265,000 |
| Pretax income | 539,000 | 1,006,000 | 1,576,000 | 1,898,000 |
| Income tax | 1,000 | 1,000 | 1,000 | 2,000 |
| Net income | 538,000 | 1,005,000 | 1,575,000 | 1,896,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,679,000 | 8,668,000 | 9,012,000 | 9,109,000 |
| Total capital | 9,647,000 | 9,635,000 | 9,964,000 | 10,037,000 |
| Risk-weighted assets | 77,430,000 | 77,117,000 | 77,867,000 | 76,179,000 |
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