Call reports 2008
SANDHILLS STATE BANK — 2008
What SANDHILLS STATE 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 | 46,595,000 | 37,940,000 | 34,565,000 | 31,661,000 |
| Total loans | 26,719,000 | 24,420,000 | 21,245,000 | 21,718,000 |
| Allowance for loan losses | 1,860,000 | 1,745,000 | 1,556,000 | 1,418,000 |
| Securities available for sale | 0 | 0 | 0 | 1,033,000 |
| Securities held to maturity | 9,482,000 | 7,198,000 | 6,694,000 | 4,180,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 42,840,000 | 34,286,000 | 30,991,000 | 28,094,000 |
| Interest-bearing deposits | 39,959,000 | 30,889,000 | 27,792,000 | 24,946,000 |
| Noninterest-bearing deposits | 2,881,000 | 3,397,000 | 3,199,000 | 3,148,000 |
| Equity capital | 3,468,000 | 3,426,000 | 3,439,000 | 3,475,000 |
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 | 691,000 | 1,217,000 | 1,694,000 | 2,166,000 |
| Interest expense | 472,000 | 819,000 | 1,054,000 | 1,236,000 |
| Net interest income | 219,000 | 398,000 | 640,000 | 930,000 |
| Noninterest income | 17,000 | 46,000 | 63,000 | 82,000 |
| Noninterest expense | 277,000 | 528,000 | 800,000 | 1,086,000 |
| Provision for loan losses | 155,000 | 155,000 | 255,000 | 255,000 |
| Pretax income | -196,000 | -239,000 | -352,000 | -329,000 |
| Income tax | 0 | -1,000 | -127,000 | -126,000 |
| Net income | -196,000 | -238,000 | -225,000 | -203,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,468,000 | 3,426,000 | 3,276,000 | 3,461,000 |
| Total capital | 3,868,000 | 3,778,000 | 3,589,000 | 3,770,000 |
| Risk-weighted assets | 30,613,000 | 26,728,000 | 23,765,000 | 23,640,000 |