Call reports 2008
WESTBRIDGE BANK & TRUST COMPANY — 2008
What WESTBRIDGE BANK & TRUST COMPANY 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 | 121,264,000 | 142,095,000 | 141,841,000 | 129,802,000 |
| Total loans | 109,624,000 | 126,916,000 | 117,346,000 | 105,923,000 |
| Allowance for loan losses | 1,767,000 | 1,882,000 | 2,727,000 | 2,566,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 102,362,000 | 115,455,000 | 108,727,000 | 97,367,000 |
| Interest-bearing deposits | 99,380,000 | 112,000,000 | 105,191,000 | 93,924,000 |
| Noninterest-bearing deposits | 2,982,000 | 3,455,000 | 3,536,000 | 3,443,000 |
| Equity capital | 11,221,000 | 12,319,000 | 11,468,000 | 10,940,000 |
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 | 2,052,000 | 4,124,000 | 6,212,000 | 7,988,000 |
| Interest expense | 1,116,000 | 2,320,000 | 3,589,000 | 4,735,000 |
| Net interest income | 936,000 | 1,804,000 | 2,623,000 | 3,253,000 |
| Noninterest income | 50,000 | 87,000 | 111,000 | 130,000 |
| Noninterest expense | 1,020,000 | 2,099,000 | 3,108,000 | 4,339,000 |
| Provision for loan losses | 0 | 115,000 | 3,706,000 | 3,705,000 |
| Pretax income | -34,000 | -323,000 | -4,080,000 | -4,661,000 |
| Income tax | -7,000 | -112,000 | -1,658,000 | -1,661,000 |
| Net income | -27,000 | -211,000 | -2,422,000 | -3,000,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,126,000 | 11,095,000 | 8,698,000 | 8,167,000 |
| Total capital | 11,540,000 | 12,736,000 | 10,268,000 | 9,636,000 |
| Risk-weighted assets | 112,026,000 | 131,006,000 | 124,455,000 | 116,439,000 |