Call reports 2008
TURTLE MOUNTAIN STATE BANK — 2008
What TURTLE MOUNTAIN STATE BANK 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 | 4,506,000 | 5,663,000 | 7,099,000 | 7,475,000 |
| Total loans | 568,000 | 811,000 | 1,618,000 | 3,173,000 |
| Allowance for loan losses | 5,000 | 7,000 | 13,000 | 27,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 1,004,000 | 1,503,000 | 3,257,000 | 3,004,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,466,000 | 2,736,000 | 4,291,000 | 4,778,000 |
| Interest-bearing deposits | 874,000 | 2,062,000 | 3,388,000 | 3,391,000 |
| Noninterest-bearing deposits | 592,000 | 674,000 | 903,000 | 1,387,000 |
| Equity capital | 3,038,000 | 2,922,000 | 2,797,000 | 2,685,000 |
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 | 30,000 | 67,000 | 119,000 | 190,000 |
| Interest expense | 4,000 | 8,000 | 23,000 | 34,000 |
| Net interest income | 26,000 | 59,000 | 96,000 | 156,000 |
| Noninterest income | 5,000 | 14,000 | 31,000 | 50,000 |
| Noninterest expense | 146,000 | 302,000 | 475,000 | 712,000 |
| Provision for loan losses | 5,000 | 7,000 | 13,000 | 27,000 |
| Pretax income | -120,000 | -236,000 | -361,000 | -533,000 |
| Income tax | 0 | 0 | 0 | -60,000 |
| Net income | -120,000 | -236,000 | -361,000 | -473,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,038,000 | 2,922,000 | 2,797,000 | 2,625,000 |
| Total capital | 3,043,000 | 2,922,000 | 2,810,000 | 2,652,000 |
| Risk-weighted assets | 1,706,000 | 2,091,000 | 2,976,000 | 4,262,000 |