Call reports 2008
VALLEY BANK NATIONAL ASSOCIATION — 2008
What VALLEY BANK NATIONAL ASSOCIATION reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 |
|---|---|---|---|
| Total assets | 75,951,000 | 79,160,000 | 83,144,000 |
| Total loans | 51,624,000 | 52,367,000 | 61,513,000 |
| Allowance for loan losses | 839,000 | 517,000 | 517,000 |
| Securities available for sale | 9,989,000 | 6,276,000 | 4,648,000 |
| Securities held to maturity | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 63,706,000 | 57,905,000 | 61,623,000 |
| Interest-bearing deposits | 38,871,000 | 33,351,000 | 37,576,000 |
| Noninterest-bearing deposits | 24,835,000 | 24,554,000 | 24,047,000 |
| Equity capital | 7,995,000 | 18,028,000 | 18,178,000 |
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 |
|---|---|---|---|
| Interest income | 1,072,000 | 303,000 | 1,267,000 |
| Interest expense | 336,000 | 84,000 | 329,000 |
| Net interest income | 736,000 | 219,000 | 938,000 |
| Noninterest income | 171,000 | 75,000 | 211,000 |
| Noninterest expense | 657,000 | 206,000 | 849,000 |
| Provision for loan losses | 0 | 0 | 0 |
| Pretax income | 250,000 | 88,000 | 300,000 |
| Income tax | 9,000 | 37,000 | 114,000 |
| Net income | 241,000 | 51,000 | 186,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 |
|---|---|---|---|
| Tier 1 capital | 7,928,000 | 6,874,000 | 6,867,000 |
| Total capital | 8,661,000 | 7,391,000 | 7,384,000 |
| Risk-weighted assets | 58,529,000 | 56,112,000 | 63,623,000 |