Call reports 2008
FRIENDS BANK — 2008
What FRIENDS 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 | 153,810,000 | 146,501,000 | 144,827,000 | 156,519,000 |
| Total loans | 103,518,000 | 106,629,000 | 108,358,000 | 114,348,000 |
| Allowance for loan losses | 1,298,000 | 1,308,000 | 1,328,000 | 1,460,000 |
| Securities available for sale | 19,475,000 | 19,137,000 | 19,465,000 | 18,993,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 137,069,000 | 130,597,000 | 128,545,000 | 140,250,000 |
| Interest-bearing deposits | 129,171,000 | 122,233,000 | 121,892,000 | 133,572,000 |
| Noninterest-bearing deposits | 7,898,000 | 8,364,000 | 6,653,000 | 6,678,000 |
| Equity capital | 16,019,000 | 15,725,000 | 16,065,000 | 16,056,000 |
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 | 2,289,000 | 4,453,000 | 6,608,000 | 8,744,000 |
| Interest expense | 1,346,000 | 2,556,000 | 3,698,000 | 4,902,000 |
| Net interest income | 943,000 | 1,897,000 | 2,910,000 | 3,842,000 |
| Noninterest income | 71,000 | 117,000 | 153,000 | 200,000 |
| Noninterest expense | 655,000 | 1,322,000 | 1,985,000 | 2,671,000 |
| Provision for loan losses | 44,000 | 55,000 | 79,000 | 212,000 |
| Pretax income | 315,000 | 637,000 | 999,000 | 1,159,000 |
| Income tax | 120,000 | 242,000 | 379,000 | 441,000 |
| Net income | 195,000 | 395,000 | 620,000 | 718,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,497,000 | 15,696,000 | 15,921,000 | 16,019,000 |
| Total capital | 16,795,000 | 17,004,000 | 17,249,000 | 17,479,000 |
| Risk-weighted assets | 113,617,000 | 114,662,000 | 115,313,000 | 122,408,000 |
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