Call reports 2008
INDEPENDENT CORRESPONDENT BANKERS' BANK, INC. — 2008
What INDEPENDENT CORRESPONDENT BANKERS' BANK, INC. 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 | 68,294,000 | 53,769,000 | 64,735,000 | 61,338,000 |
| Total loans | 40,840,000 | 40,174,000 | 45,629,000 | 47,293,000 |
| Allowance for loan losses | 630,000 | 842,000 | 902,000 | 723,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 35,485,000 | 22,875,000 | 26,122,000 | 21,940,000 |
| Interest-bearing deposits | 0 | 0 | 0 | 0 |
| Noninterest-bearing deposits | 35,485,000 | 22,875,000 | 26,122,000 | 21,940,000 |
| Equity capital | 8,531,000 | 8,571,000 | 8,797,000 | 9,025,000 |
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 | 713,000 | 1,267,000 | 1,911,000 | 2,552,000 |
| Interest expense | 213,000 | 341,000 | 473,000 | 548,000 |
| Net interest income | 500,000 | 926,000 | 1,438,000 | 2,004,000 |
| Noninterest income | 1,140,000 | 2,139,000 | 3,116,000 | 4,113,000 |
| Noninterest expense | 1,162,000 | 2,248,000 | 3,371,000 | 4,396,000 |
| Provision for loan losses | 50,000 | 262,000 | 322,000 | 481,000 |
| Pretax income | 428,000 | 555,000 | 861,000 | 1,240,000 |
| Income tax | 165,000 | 252,000 | 333,000 | 484,000 |
| Net income | 263,000 | 303,000 | 528,000 | 756,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,531,000 | 8,571,000 | 8,797,000 | 9,025,000 |
| Total capital | 9,078,000 | 9,113,000 | 9,417,000 | 9,663,000 |
| Risk-weighted assets | 43,664,000 | 43,076,000 | 49,317,000 | 50,945,000 |