Call reports 2008
OLD FORT BANKING COMPANY, THE — 2008
What OLD FORT BANKING COMPANY, 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 | 375,355,000 | 376,810,000 | 389,741,000 | 385,512,000 |
| Total loans | 286,429,000 | 291,850,000 | 296,494,000 | 300,049,000 |
| Allowance for loan losses | 3,011,000 | 3,048,000 | 3,046,000 | 8,058,000 |
| Securities available for sale | 62,172,000 | 59,746,000 | 59,349,000 | 63,226,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 317,371,000 | 304,912,000 | 317,674,000 | 317,060,000 |
| Interest-bearing deposits | 288,516,000 | 275,536,000 | 286,939,000 | 287,504,000 |
| Noninterest-bearing deposits | 28,855,000 | 29,376,000 | 30,735,000 | 29,556,000 |
| Equity capital | 31,547,000 | 31,404,000 | 31,414,000 | 27,779,000 |
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 | 5,765,000 | 11,166,000 | 16,570,000 | 21,849,000 |
| Interest expense | 2,793,000 | 5,222,000 | 7,524,000 | 9,494,000 |
| Net interest income | 2,972,000 | 5,944,000 | 9,046,000 | 12,355,000 |
| Noninterest income | 576,000 | 1,118,000 | 1,722,000 | 2,310,000 |
| Noninterest expense | 2,330,000 | 4,723,000 | 7,115,000 | 10,313,000 |
| Provision for loan losses | 150,000 | 300,000 | 450,000 | 7,750,000 |
| Pretax income | 1,081,000 | 2,108,000 | 3,283,000 | -3,462,000 |
| Income tax | 252,000 | 494,000 | 787,000 | -1,623,000 |
| Net income | 829,000 | 1,614,000 | 2,496,000 | -1,839,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 31,026,000 | 31,688,000 | 31,529,000 | 27,282,000 |
| Total capital | 34,037,000 | 34,736,000 | 34,575,000 | 31,202,000 |
| Risk-weighted assets | 315,672,000 | 319,160,000 | 321,264,000 | 309,495,000 |