Call reports 2008
MILESTONE BANK — 2008
What MILESTONE 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 | 33,060,000 | 32,873,000 | 32,572,000 | 36,057,000 |
| Total loans | 26,670,000 | 28,471,000 | 29,161,000 | 30,009,000 |
| Allowance for loan losses | 609,000 | 679,000 | 889,000 | 1,079,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 305,000 | 305,000 | 305,000 | 305,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 26,633,000 | 26,190,000 | 25,884,000 | 28,996,000 |
| Interest-bearing deposits | 26,448,000 | 26,000,000 | 25,709,000 | 28,818,000 |
| Noninterest-bearing deposits | 185,000 | 190,000 | 175,000 | 178,000 |
| Equity capital | 5,474,000 | 5,700,000 | 5,823,000 | 5,907,000 |
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 | 1,025,000 | 2,134,000 | 3,286,000 | 4,421,000 |
| Interest expense | 290,000 | 631,000 | 965,000 | 1,309,000 |
| Net interest income | 735,000 | 1,503,000 | 2,321,000 | 3,112,000 |
| Noninterest income | 0 | 0 | 0 | 52,000 |
| Noninterest expense | 327,000 | 635,000 | 964,000 | 1,318,000 |
| Provision for loan losses | 140,000 | 257,000 | 559,000 | 921,000 |
| Pretax income | 268,000 | 611,000 | 798,000 | 925,000 |
| Income tax | 92,000 | 209,000 | 273,000 | 316,000 |
| Net income | 176,000 | 402,000 | 525,000 | 609,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,474,000 | 5,700,000 | 5,823,000 | 5,907,000 |
| Total capital | 5,829,000 | 6,073,000 | 6,204,000 | 6,306,000 |
| Risk-weighted assets | 28,149,000 | 29,607,000 | 30,011,000 | 31,263,000 |