Call reports 2008
SPIRIT OF AMERICA NATIONAL BANK — 2008
What SPIRIT OF AMERICA NATIONAL 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 | 42,580,000 | 38,943,000 | 39,471,000 | 30,383,000 |
| Total loans | 0 | 0 | 0 | 0 |
| Allowance for loan losses | 0 | 0 | 0 | 0 |
| Securities available for sale | 41,875,000 | 37,893,000 | 38,412,000 | 29,079,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 16,660,000 | 11,402,000 | 12,720,000 | 6,773,000 |
| Interest-bearing deposits | 16,660,000 | 11,402,000 | 12,720,000 | 6,773,000 |
| Noninterest-bearing deposits | 0 | 0 | 0 | 0 |
| Equity capital | 23,018,000 | 23,500,000 | 23,051,000 | 19,579,000 |
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 | 248,000 | 457,000 | 617,000 | 699,000 |
| Interest expense | 87,000 | 195,000 | 293,000 | 354,000 |
| Net interest income | 161,000 | 262,000 | 324,000 | 345,000 |
| Noninterest income | 5,909,000 | 13,402,000 | 20,038,000 | 26,953,000 |
| Noninterest expense | 1,218,000 | 2,241,000 | 3,250,000 | 4,181,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 4,852,000 | 11,423,000 | 17,112,000 | 23,117,000 |
| Income tax | 1,730,000 | 4,209,000 | 6,261,000 | 8,378,000 |
| Net income | 3,122,000 | 7,214,000 | 10,851,000 | 14,739,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,016,000 | 23,505,000 | 23,050,000 | 19,570,000 |
| Total capital | 23,016,000 | 23,505,000 | 23,050,000 | 19,570,000 |
| Risk-weighted assets | 7,879,000 | 6,818,000 | 6,944,000 | 5,335,000 |
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