Call reports 2008
STATE EXCHANGE BANK, THE — 2008
What STATE EXCHANGE BANK, THE 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 | 45,979,000 | 49,975,000 | 48,938,000 | 51,833,000 |
| Total loans | 39,609,000 | 42,249,000 | 41,824,000 | 46,402,000 |
| Allowance for loan losses | 457,000 | 438,000 | 500,000 | 522,000 |
| Securities available for sale | 4,528,000 | 4,036,000 | 3,918,000 | 3,617,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 39,570,000 | 41,053,000 | 40,801,000 | 38,073,000 |
| Interest-bearing deposits | 33,167,000 | 34,944,000 | 33,989,000 | 32,954,000 |
| Noninterest-bearing deposits | 6,403,000 | 6,109,000 | 6,811,000 | 5,119,000 |
| Equity capital | 3,210,000 | 3,364,000 | 4,549,000 | 4,686,000 |
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 | 914,000 | 1,860,000 | 2,762,000 | 3,675,000 |
| Interest expense | 323,000 | 622,000 | 898,000 | 1,135,000 |
| Net interest income | 591,000 | 1,238,000 | 1,864,000 | 2,540,000 |
| Noninterest income | 113,000 | 146,000 | 173,000 | 200,000 |
| Noninterest expense | 308,000 | 574,000 | 865,000 | 1,347,000 |
| Provision for loan losses | 60,000 | 130,000 | 190,000 | 230,000 |
| Pretax income | 336,000 | 681,000 | 983,000 | 1,167,000 |
| Income tax | 132,000 | 269,000 | 389,000 | 461,000 |
| Net income | 204,000 | 412,000 | 594,000 | 706,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,141,000 | 3,349,000 | 4,530,000 | 4,642,000 |
| Total capital | 3,598,000 | 3,787,000 | 5,030,000 | 5,164,000 |
| Risk-weighted assets | 39,607,000 | 43,689,000 | 42,236,000 | 46,580,000 |