Call reports 2008
REVERE BANK — 2008
What REVERE 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 | 33,344,000 | 43,097,000 | 42,361,000 | 59,638,000 |
| Total loans | 10,054,000 | 15,676,000 | 23,852,000 | 33,018,000 |
| Allowance for loan losses | 125,000 | 257,000 | 389,000 | 384,000 |
| Securities available for sale | 4,160,000 | 6,124,000 | 6,854,000 | 15,605,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 15,240,000 | 25,634,000 | 25,648,000 | 43,438,000 |
| Interest-bearing deposits | 12,500,000 | 21,001,000 | 21,874,000 | 38,295,000 |
| Noninterest-bearing deposits | 2,740,000 | 4,633,000 | 3,774,000 | 5,143,000 |
| Equity capital | 17,844,000 | 17,012,000 | 16,355,000 | 15,912,000 |
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 | 299,000 | 618,000 | 1,049,000 | 1,605,000 |
| Interest expense | 107,000 | 264,000 | 441,000 | 690,000 |
| Net interest income | 192,000 | 354,000 | 608,000 | 915,000 |
| Noninterest income | 2,000 | 5,000 | 9,000 | 11,000 |
| Noninterest expense | 741,000 | 1,547,000 | 2,437,000 | 3,168,000 |
| Provision for loan losses | 88,000 | 220,000 | 352,000 | 433,000 |
| Pretax income | -635,000 | -1,408,000 | -2,172,000 | -2,675,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -635,000 | -1,408,000 | -2,172,000 | -2,675,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 17,816,000 | 17,044,000 | 16,383,000 | 15,906,000 |
| Total capital | 17,941,000 | 17,301,000 | 16,749,000 | 16,290,000 |
| Risk-weighted assets | 16,048,000 | 23,322,000 | 29,694,000 | 38,478,000 |