Call reports 2008
OPTIMA BANK AND TRUST COMPANY — 2008
What OPTIMA BANK AND TRUST COMPANY 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 | 15,647,000 | 33,896,000 | 38,211,000 | 45,347,000 |
| Total loans | 5,789,000 | 13,962,000 | 21,027,000 | 29,190,000 |
| Allowance for loan losses | 0 | 10,000 | 44,000 | 255,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 778,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 5,359,000 | 24,181,000 | 28,975,000 | 35,991,000 |
| Interest-bearing deposits | 3,474,000 | 23,140,000 | 27,634,000 | 32,796,000 |
| Noninterest-bearing deposits | 1,885,000 | 1,041,000 | 1,341,000 | 3,195,000 |
| Equity capital | 10,172,000 | 9,635,000 | 9,121,000 | 8,268,000 |
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 | 70,000 | 275,000 | 652,000 | 1,051,000 |
| Interest expense | 7,000 | 146,000 | 385,000 | 605,000 |
| Net interest income | 63,000 | 129,000 | 267,000 | 446,000 |
| Noninterest income | 0 | 3,000 | 11,000 | 16,000 |
| Noninterest expense | 685,000 | 1,281,000 | 1,907,000 | 2,873,000 |
| Provision for loan losses | 0 | 10,000 | 44,000 | 255,000 |
| Pretax income | -622,000 | -1,159,000 | -1,673,000 | -2,666,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -622,000 | -1,159,000 | -1,673,000 | -2,666,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,172,000 | 9,635,000 | 9,121,000 | 8,268,000 |
| Total capital | 10,172,000 | 9,645,000 | 9,165,000 | 8,523,000 |
| Risk-weighted assets | 7,087,000 | 16,940,000 | 22,423,000 | 27,281,000 |
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