Call reports 2008
REDEMPTION BANK — 2008
What REDEMPTION 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 | 56,336,000 | 62,816,000 | 69,085,000 | 66,670,000 |
| Total loans | 46,938,000 | 55,029,000 | 58,063,000 | 58,844,000 |
| Allowance for loan losses | 1,109,000 | 1,256,000 | 1,511,000 | 1,733,000 |
| Securities available for sale | 156,000 | 154,000 | 154,000 | 154,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 47,140,000 | 53,602,000 | 59,778,000 | 57,419,000 |
| Interest-bearing deposits | 40,818,000 | 46,686,000 | 52,190,000 | 50,651,000 |
| Noninterest-bearing deposits | 6,322,000 | 6,917,000 | 7,588,000 | 6,768,000 |
| Equity capital | 8,689,000 | 8,817,000 | 8,778,000 | 8,683,000 |
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 | 1,083,000 | 2,349,000 | 3,663,000 | 4,737,000 |
| Interest expense | 383,000 | 781,000 | 1,241,000 | 1,722,000 |
| Net interest income | 700,000 | 1,568,000 | 2,422,000 | 3,015,000 |
| Noninterest income | 30,000 | 72,000 | 111,000 | 173,000 |
| Noninterest expense | 513,000 | 1,062,000 | 1,578,000 | 2,088,000 |
| Provision for loan losses | 67,000 | 224,000 | 615,000 | 916,000 |
| Pretax income | 150,000 | 354,000 | 340,000 | 184,000 |
| Income tax | 56,000 | 131,000 | 105,000 | 44,000 |
| Net income | 94,000 | 223,000 | 235,000 | 140,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,688,000 | 8,816,000 | 8,777,000 | 8,682,000 |
| Total capital | 9,314,000 | 9,533,000 | 9,541,000 | 9,448,000 |
| Risk-weighted assets | 49,605,000 | 56,824,000 | 60,412,000 | 60,307,000 |