Call reports 2009
REDEMPTION BANK — 2009
What REDEMPTION BANK reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 70,523,000 | 64,910,000 | 65,203,000 | 57,928,000 |
| Total loans | 57,796,000 | 51,315,000 | 44,897,000 | 39,397,000 |
| Allowance for loan losses | 2,246,000 | 2,221,000 | 2,308,000 | 1,165,000 |
| Securities available for sale | 256,000 | 255,000 | 372,000 | 364,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 61,807,000 | 56,805,000 | 57,479,000 | 50,643,000 |
| Interest-bearing deposits | 54,991,000 | 49,019,000 | 48,850,000 | 44,964,000 |
| Noninterest-bearing deposits | 6,816,000 | 7,786,000 | 8,629,000 | 5,679,000 |
| Equity capital | 8,222,000 | 7,695,000 | 7,265,000 | 6,894,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 1,005,000 | 1,901,000 | 2,712,000 | 3,386,000 |
| Interest expense | 469,000 | 864,000 | 1,199,000 | 1,486,000 |
| Net interest income | 536,000 | 1,037,000 | 1,513,000 | 1,900,000 |
| Noninterest income | -48,000 | -12,000 | 72,000 | -256,000 |
| Noninterest expense | 404,000 | 820,000 | 1,421,000 | 1,963,000 |
| Provision for loan losses | 546,000 | 1,194,000 | 2,454,000 | 2,454,000 |
| Pretax income | -462,000 | -989,000 | -2,290,000 | -2,773,000 |
| Income tax | 0 | 0 | -866,000 | -981,000 |
| Net income | -462,000 | -989,000 | -1,424,000 | -1,792,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,220,000 | 7,694,000 | 7,258,000 | 6,891,000 |
| Total capital | 8,969,000 | 8,390,000 | 7,914,000 | 7,472,000 |
| Risk-weighted assets | 58,432,000 | 54,182,000 | 50,810,000 | 45,872,000 |