Call reports 2008
BANK OF THE CAROLINAS — 2008
What BANK OF THE CAROLINAS 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 | 513,040,000 | 511,569,000 | 570,502,000 | 561,608,000 |
| Total loans | 405,440,000 | 406,713,000 | 406,886,000 | 405,402,000 |
| Allowance for loan losses | 4,355,000 | 4,538,000 | 4,218,000 | 6,307,000 |
| Securities available for sale | 61,727,000 | 57,448,000 | 102,247,000 | 108,789,000 |
| Securities held to maturity | 0 | 1,000,000 | 4,339,000 | 4,351,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 428,259,000 | 415,367,000 | 453,323,000 | 444,958,000 |
| Interest-bearing deposits | 396,807,000 | 381,663,000 | 419,293,000 | 417,033,000 |
| Noninterest-bearing deposits | 31,453,000 | 33,704,000 | 34,031,000 | 27,926,000 |
| Equity capital | 44,597,000 | 43,764,000 | 43,286,000 | 43,708,000 |
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 | 7,897,000 | 15,249,000 | 22,781,000 | 30,573,000 |
| Interest expense | 4,654,000 | 8,780,000 | 13,207,000 | 17,610,000 |
| Net interest income | 3,243,000 | 6,469,000 | 9,574,000 | 12,963,000 |
| Noninterest income | 477,000 | 993,000 | 1,288,000 | 833,000 |
| Noninterest expense | 3,406,000 | 6,686,000 | 10,643,000 | 14,032,000 |
| Provision for loan losses | 314,000 | 1,095,000 | 4,245,000 | 6,291,000 |
| Pretax income | 0 | -319,000 | -4,026,000 | -5,911,000 |
| Income tax | 0 | -109,000 | -1,166,000 | -2,533,000 |
| Net income | 0 | -210,000 | -2,860,000 | -3,378,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 43,184,000 | 42,980,000 | 42,937,000 | 42,265,000 |
| Total capital | 47,539,000 | 47,518,000 | 47,155,000 | 47,757,000 |
| Risk-weighted assets | 433,025,000 | 433,272,000 | 451,769,000 | 438,582,000 |