Call reports 2008
FORTUNEBANK — 2008
What FORTUNEBANK 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 | 117,220,000 | 123,291,000 | 130,463,000 | 130,660,000 |
| Total loans | 97,518,000 | 105,290,000 | 105,432,000 | 102,619,000 |
| Allowance for loan losses | 971,000 | 1,051,000 | 1,077,000 | 987,000 |
| Securities available for sale | 8,850,000 | 8,653,000 | 9,218,000 | 11,387,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 98,777,000 | 101,450,000 | 106,191,000 | 105,951,000 |
| Interest-bearing deposits | 95,219,000 | 96,641,000 | 102,232,000 | 100,802,000 |
| Noninterest-bearing deposits | 3,558,000 | 4,809,000 | 3,959,000 | 5,149,000 |
| Equity capital | 10,856,000 | 10,847,000 | 10,703,000 | 11,292,000 |
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 | 1,763,000 | 3,546,000 | 5,314,000 | 7,045,000 |
| Interest expense | 1,096,000 | 2,146,000 | 3,204,000 | 4,245,000 |
| Net interest income | 667,000 | 1,400,000 | 2,110,000 | 2,800,000 |
| Noninterest income | 301,000 | 672,000 | 1,013,000 | 1,433,000 |
| Noninterest expense | 774,000 | 1,614,000 | 2,518,000 | 3,454,000 |
| Provision for loan losses | 85,000 | 165,000 | 586,000 | 603,000 |
| Pretax income | 157,000 | 341,000 | 67,000 | 224,000 |
| Income tax | 53,000 | 116,000 | 21,000 | 75,000 |
| Net income | 104,000 | 225,000 | 46,000 | 149,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,927,000 | 10,056,000 | 9,886,000 | 10,363,000 |
| Total capital | 10,898,000 | 11,107,000 | 10,963,000 | 11,350,000 |
| Risk-weighted assets | 101,409,000 | 109,230,000 | 106,382,000 | 103,471,000 |