Call reports 2008
NEW FRONTIER BANK — 2008
What NEW FRONTIER 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 | 162,575,000 | 157,982,000 | 155,082,000 | 155,523,000 |
| Total loans | 120,270,000 | 121,693,000 | 119,431,000 | 119,040,000 |
| Allowance for loan losses | 1,315,000 | 1,429,000 | 1,641,000 | 2,675,000 |
| Securities available for sale | 28,376,000 | 21,207,000 | 20,704,000 | 20,373,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 131,062,000 | 122,945,000 | 121,976,000 | 121,642,000 |
| Interest-bearing deposits | 118,107,000 | 109,624,000 | 107,105,000 | 107,808,000 |
| Noninterest-bearing deposits | 12,955,000 | 13,321,000 | 14,871,000 | 13,834,000 |
| Equity capital | 15,595,000 | 15,314,000 | 14,776,000 | 13,711,000 |
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 | 2,554,000 | 4,976,000 | 7,334,000 | 9,611,000 |
| Interest expense | 1,451,000 | 2,757,000 | 3,998,000 | 5,169,000 |
| Net interest income | 1,103,000 | 2,219,000 | 3,336,000 | 4,442,000 |
| Noninterest income | 295,000 | 553,000 | 791,000 | 785,000 |
| Noninterest expense | 1,293,000 | 2,562,000 | 3,825,000 | 5,140,000 |
| Provision for loan losses | 75,000 | 170,000 | 1,257,000 | 3,057,000 |
| Pretax income | 68,000 | 178,000 | -794,000 | -2,809,000 |
| Income tax | 13,000 | 42,000 | -298,000 | -1,062,000 |
| Net income | 55,000 | 136,000 | -496,000 | -1,747,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,911,000 | 14,833,000 | 13,911,000 | 12,097,000 |
| Total capital | 16,355,000 | 16,392,000 | 15,556,000 | 13,697,000 |
| Risk-weighted assets | 135,395,000 | 134,817,000 | 131,460,000 | 126,818,000 |