Call reports 2008
FIRST WESTERN BANK STURGIS, THE — 2008
What FIRST WESTERN BANK STURGIS, THE 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 | 475,615,000 | 483,861,000 | 495,542,000 | 511,518,000 |
| Total loans | 327,576,000 | 342,728,000 | 350,291,000 | 353,573,000 |
| Allowance for loan losses | 6,075,000 | 6,188,000 | 7,430,000 | 7,366,000 |
| Securities available for sale | 43,798,000 | 39,807,000 | 37,724,000 | 34,956,000 |
| Securities held to maturity | 200,000 | 200,000 | 200,000 | 200,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 357,155,000 | 366,028,000 | 376,844,000 | 393,592,000 |
| Interest-bearing deposits | 303,101,000 | 302,473,000 | 316,095,000 | 335,508,000 |
| Noninterest-bearing deposits | 54,054,000 | 63,555,000 | 60,749,000 | 58,084,000 |
| Equity capital | 111,498,000 | 111,517,000 | 111,412,000 | 111,382,000 |
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 | 6,981,000 | 13,682,000 | 20,445,000 | 27,016,000 |
| Interest expense | 2,525,000 | 4,696,000 | 7,042,000 | 9,475,000 |
| Net interest income | 4,456,000 | 8,986,000 | 13,403,000 | 17,541,000 |
| Noninterest income | 648,000 | 1,516,000 | 2,298,000 | 3,446,000 |
| Noninterest expense | 2,590,000 | 5,564,000 | 8,551,000 | 11,588,000 |
| Provision for loan losses | 75,000 | 208,000 | 1,432,000 | 4,181,000 |
| Pretax income | 2,439,000 | 4,730,000 | 5,718,000 | 5,220,000 |
| Income tax | 760,000 | 1,579,000 | 1,910,000 | 1,678,000 |
| Net income | 1,679,000 | 3,151,000 | 3,808,000 | 3,542,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 41,015,000 | 40,802,000 | 40,723,000 | 43,529,000 |
| Total capital | 45,638,000 | 45,515,000 | 45,522,000 | 48,432,000 |
| Risk-weighted assets | 368,382,000 | 375,530,000 | 381,283,000 | 389,797,000 |