Call reports 2008
BANK OF PALMER — 2008
What BANK OF PALMER 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 | 26,180,000 | 28,212,000 | 28,255,000 | 30,429,000 |
| Total loans | 17,467,000 | 18,389,000 | 18,718,000 | 21,271,000 |
| Allowance for loan losses | 235,000 | 237,000 | 237,000 | 237,000 |
| Securities available for sale | 6,751,000 | 7,371,000 | 7,939,000 | 8,016,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 23,506,000 | 24,555,000 | 24,477,000 | 24,046,000 |
| Interest-bearing deposits | 20,769,000 | 22,043,000 | 21,797,000 | 21,359,000 |
| Noninterest-bearing deposits | 2,737,000 | 2,512,000 | 2,680,000 | 2,687,000 |
| Equity capital | 2,481,000 | 2,401,000 | 2,500,000 | 2,662,000 |
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 | 403,000 | 805,000 | 1,225,000 | 1,658,000 |
| Interest expense | 203,000 | 376,000 | 557,000 | 739,000 |
| Net interest income | 200,000 | 429,000 | 668,000 | 919,000 |
| Noninterest income | 31,000 | 56,000 | 84,000 | 111,000 |
| Noninterest expense | 196,000 | 354,000 | 577,000 | 792,000 |
| Provision for loan losses | 1,000 | 3,000 | 5,000 | 6,000 |
| Pretax income | 71,000 | 163,000 | 205,000 | 269,000 |
| Income tax | 15,000 | 35,000 | 41,000 | 58,000 |
| Net income | 56,000 | 128,000 | 164,000 | 211,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,429,000 | 2,501,000 | 2,528,000 | 2,575,000 |
| Total capital | 2,650,000 | 2,738,000 | 2,765,000 | 2,812,000 |
| Risk-weighted assets | 17,696,000 | 18,948,000 | 18,896,000 | 21,442,000 |
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