Call reports 2008
WATERFORD VILLAGE BANK — 2008
What WATERFORD VILLAGE 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 | 52,966,000 | 63,766,000 | 53,814,000 | 60,405,000 |
| Total loans | 22,523,000 | 31,279,000 | 38,402,000 | 44,675,000 |
| Allowance for loan losses | 221,000 | 308,000 | 396,000 | 479,000 |
| Securities available for sale | 19,188,000 | 17,763,000 | 4,106,000 | 2,679,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 46,806,000 | 58,274,000 | 48,321,000 | 58,439,000 |
| Interest-bearing deposits | 44,692,000 | 55,966,000 | 44,900,000 | 56,298,000 |
| Noninterest-bearing deposits | 2,114,000 | 2,308,000 | 3,421,000 | 2,141,000 |
| Equity capital | 5,917,000 | 5,293,000 | 4,618,000 | 1,200,000 |
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 | 504,000 | 1,107,000 | 1,750,000 | 2,362,000 |
| Interest expense | 427,000 | 935,000 | 1,385,000 | 1,785,000 |
| Net interest income | 77,000 | 172,000 | 365,000 | 577,000 |
| Noninterest income | 4,000 | 7,000 | 15,000 | 49,000 |
| Noninterest expense | 863,000 | 1,903,000 | 2,899,000 | 4,092,000 |
| Provision for loan losses | 70,000 | 157,000 | 245,000 | 427,000 |
| Pretax income | -852,000 | -1,881,000 | -2,781,000 | -3,950,000 |
| Income tax | -336,000 | -750,000 | -1,110,000 | 1,224,000 |
| Net income | -516,000 | -1,131,000 | -1,671,000 | -5,174,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,289,000 | 3,781,000 | 2,306,000 | 1,163,000 |
| Total capital | 4,510,000 | 4,089,000 | 2,702,000 | 1,642,000 |
| Risk-weighted assets | 29,277,000 | 37,584,000 | 38,982,000 | 44,198,000 |