Call reports 2010
REDEMPTION BANK — 2010
What REDEMPTION BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 58,467,000 | 56,392,000 | 57,183,000 | 56,616,000 |
| Total loans | 38,955,000 | 39,798,000 | 36,883,000 | 33,585,000 |
| Allowance for loan losses | 1,409,000 | 1,364,000 | 983,000 | 1,002,000 |
| Securities available for sale | 364,000 | 363,000 | 370,000 | 360,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 50,677,000 | 48,621,000 | 49,704,000 | 49,568,000 |
| Interest-bearing deposits | 45,117,000 | 42,842,000 | 43,126,000 | 43,469,000 |
| Noninterest-bearing deposits | 5,560,000 | 5,778,000 | 6,578,000 | 6,099,000 |
| Equity capital | 7,310,000 | 7,265,000 | 6,956,000 | 6,532,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 747,000 | 1,531,000 | 2,364,000 | 2,853,000 |
| Interest expense | 229,000 | 443,000 | 644,000 | 841,000 |
| Net interest income | 518,000 | 1,088,000 | 1,720,000 | 2,012,000 |
| Noninterest income | 820,000 | 655,000 | 445,000 | 202,000 |
| Noninterest expense | 671,000 | 1,111,000 | 1,670,000 | 2,234,000 |
| Provision for loan losses | 250,000 | 261,000 | 437,000 | 493,000 |
| Pretax income | 417,000 | 371,000 | 58,000 | -513,000 |
| Income tax | 0 | 0 | 0 | -153,000 |
| Net income | 417,000 | 371,000 | 58,000 | -360,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,308,000 | 7,262,000 | 6,949,000 | 6,530,000 |
| Total capital | 7,874,000 | 7,830,000 | 7,474,000 | 7,013,000 |
| Risk-weighted assets | 44,451,000 | 44,649,000 | 41,563,000 | 38,144,000 |