Call reports 2007
REDEMPTION BANK — 2007
What REDEMPTION BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 50,399,000 | 50,492,000 | 48,934,000 | 50,768,000 |
| Total loans | 38,864,000 | 39,129,000 | 38,061,000 | 40,491,000 |
| Allowance for loan losses | 696,000 | 751,000 | 842,000 | 1,041,000 |
| Securities available for sale | 214,000 | 211,000 | 158,000 | 156,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 41,479,000 | 41,406,000 | 39,757,000 | 41,329,000 |
| Interest-bearing deposits | 34,798,000 | 34,242,000 | 32,862,000 | 34,715,000 |
| Noninterest-bearing deposits | 6,681,000 | 7,164,000 | 6,895,000 | 6,614,000 |
| Equity capital | 8,462,000 | 8,656,000 | 8,665,000 | 8,594,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 1,137,000 | 2,368,000 | 3,552,000 | 4,808,000 |
| Interest expense | 313,000 | 687,000 | 1,048,000 | 1,404,000 |
| Net interest income | 824,000 | 1,681,000 | 2,504,000 | 3,404,000 |
| Noninterest income | 70,000 | 34,000 | 70,000 | 128,000 |
| Noninterest expense | 475,000 | 927,000 | 1,383,000 | 1,898,000 |
| Provision for loan losses | 19,000 | 74,000 | 165,000 | 365,000 |
| Pretax income | 400,000 | 714,000 | 1,026,000 | 1,269,000 |
| Income tax | 120,000 | 240,000 | 390,000 | 449,000 |
| Net income | 280,000 | 474,000 | 636,000 | 820,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,462,000 | 8,656,000 | 8,664,000 | 8,594,000 |
| Total capital | 9,000,000 | 9,201,000 | 9,196,000 | 9,156,000 |
| Risk-weighted assets | 42,908,000 | 43,414,000 | 42,289,000 | 44,513,000 |