Call reports 2008
1ST STATE BANK OF MASON CITY — 2008
What 1ST STATE BANK OF MASON CITY 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 | 25,846,000 | 25,429,000 | 24,467,000 | 24,383,000 |
| Total loans | 13,091,000 | 13,437,000 | 13,498,000 | 12,990,000 |
| Allowance for loan losses | 125,000 | 122,000 | 127,000 | 127,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 10,349,000 | 9,371,000 | 8,308,000 | 8,314,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 22,892,000 | 22,449,000 | 21,439,000 | 21,391,000 |
| Interest-bearing deposits | 20,161,000 | 19,847,000 | 19,340,000 | 19,158,000 |
| Noninterest-bearing deposits | 2,732,000 | 2,602,000 | 2,099,000 | 2,234,000 |
| Equity capital | 2,844,000 | 2,902,000 | 2,961,000 | 2,901,000 |
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 | 355,000 | 699,000 | 1,035,000 | 1,353,000 |
| Interest expense | 171,000 | 328,000 | 477,000 | 617,000 |
| Net interest income | 184,000 | 371,000 | 558,000 | 736,000 |
| Noninterest income | 31,000 | 58,000 | 89,000 | 123,000 |
| Noninterest expense | 119,000 | 236,000 | 353,000 | 489,000 |
| Provision for loan losses | 5,000 | 12,000 | 27,000 | 47,000 |
| Pretax income | 95,000 | 185,000 | 271,000 | 327,000 |
| Income tax | 22,000 | 54,000 | 81,000 | 112,000 |
| Net income | 73,000 | 131,000 | 190,000 | 215,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,844,000 | 2,902,000 | 2,961,000 | 2,901,000 |
| Total capital | 2,969,000 | 3,024,000 | 3,088,000 | 3,028,000 |
| Risk-weighted assets | 14,288,000 | 14,497,000 | 14,402,000 | 14,291,000 |
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