Call reports 2008
GARDEN CITY STATE BANK — 2008
What GARDEN CITY 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 | 59,450,000 | 59,806,000 | 56,472,000 | 55,553,000 |
| Total loans | 47,247,000 | 46,500,000 | 46,987,000 | 45,904,000 |
| Allowance for loan losses | 781,000 | 951,000 | 1,032,000 | 943,000 |
| Securities available for sale | 4,421,000 | 3,587,000 | 5,269,000 | 5,177,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 52,129,000 | 52,537,000 | 48,352,000 | 46,747,000 |
| Interest-bearing deposits | 44,887,000 | 44,705,000 | 40,182,000 | 39,560,000 |
| Noninterest-bearing deposits | 7,242,000 | 7,832,000 | 8,170,000 | 7,187,000 |
| Equity capital | 6,754,000 | 6,590,000 | 6,852,000 | 6,597,000 |
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 | 1,134,000 | 2,111,000 | 3,061,000 | 3,865,000 |
| Interest expense | 469,000 | 891,000 | 1,252,000 | 1,563,000 |
| Net interest income | 665,000 | 1,220,000 | 1,809,000 | 2,302,000 |
| Noninterest income | 99,000 | 215,000 | 318,000 | 493,000 |
| Noninterest expense | 484,000 | 1,002,000 | 1,473,000 | 1,981,000 |
| Provision for loan losses | 0 | 200,000 | 217,000 | 792,000 |
| Pretax income | 280,000 | 233,000 | 437,000 | 22,000 |
| Income tax | 6,000 | 17,000 | 22,000 | 22,000 |
| Net income | 274,000 | 216,000 | 415,000 | 0 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,698,000 | 6,641,000 | 6,835,000 | 6,420,000 |
| Total capital | 7,340,000 | 7,277,000 | 7,467,000 | 7,050,000 |
| Risk-weighted assets | 51,225,000 | 50,573,000 | 50,170,000 | 50,059,000 |
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