Call reports 2006
FOUNDATIONS BANK — 2006
What FOUNDATIONS BANK reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 43,247,000 | 50,356,000 | 70,540,000 | 86,003,000 |
| Total loans | 26,920,000 | 41,275,000 | 45,586,000 | 51,561,000 |
| Allowance for loan losses | 445,000 | 685,000 | 765,000 | 890,000 |
| Securities available for sale | 3,461,000 | 4,741,000 | 7,358,000 | 20,483,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 27,995,000 | 35,448,000 | 55,663,000 | 70,329,000 |
| Interest-bearing deposits | 19,133,000 | 27,747,000 | 46,779,000 | 60,517,000 |
| Noninterest-bearing deposits | 8,862,000 | 7,701,000 | 8,884,000 | 9,812,000 |
| Equity capital | 15,168,000 | 14,747,000 | 14,574,000 | 15,257,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 402,000 | 1,124,000 | 2,102,000 | 3,403,000 |
| Interest expense | 118,000 | 381,000 | 803,000 | 1,529,000 |
| Net interest income | 284,000 | 743,000 | 1,299,000 | 1,874,000 |
| Noninterest income | 16,000 | 47,000 | 78,000 | 121,000 |
| Noninterest expense | 630,000 | 1,289,000 | 2,002,000 | 2,840,000 |
| Provision for loan losses | 257,000 | 497,000 | 577,000 | 702,000 |
| Pretax income | -587,000 | -996,000 | -1,202,000 | -1,547,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -587,000 | -996,000 | -1,202,000 | -1,547,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,187,000 | 14,777,000 | 14,571,000 | 15,226,000 |
| Total capital | 15,593,000 | 15,352,000 | 15,264,000 | 16,116,000 |
| Risk-weighted assets | 32,461,000 | 45,891,000 | 55,384,000 | 73,883,000 |