Call reports 2008
FOUNDATIONS BANK — 2008
What FOUNDATIONS 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 | 153,270,000 | 160,192,000 | 178,619,000 | 202,469,000 |
| Total loans | 121,574,000 | 134,436,000 | 154,195,000 | 170,734,000 |
| Allowance for loan losses | 1,418,000 | 1,417,000 | 1,448,000 | 1,568,000 |
| Securities available for sale | 17,490,000 | 18,775,000 | 18,184,000 | 16,198,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 127,199,000 | 134,359,000 | 152,269,000 | 171,961,000 |
| Interest-bearing deposits | 115,530,000 | 121,069,000 | 138,339,000 | 155,534,000 |
| Noninterest-bearing deposits | 11,669,000 | 13,290,000 | 13,930,000 | 16,427,000 |
| Equity capital | 17,149,000 | 16,870,000 | 17,245,000 | 18,771,000 |
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 | 2,221,000 | 4,475,000 | 7,089,000 | 9,891,000 |
| Interest expense | 1,330,000 | 2,617,000 | 3,918,000 | 5,320,000 |
| Net interest income | 891,000 | 1,858,000 | 3,171,000 | 4,571,000 |
| Noninterest income | 109,000 | 204,000 | 302,000 | 427,000 |
| Noninterest expense | 961,000 | 1,977,000 | 2,999,000 | 4,194,000 |
| Provision for loan losses | 0 | 0 | 31,000 | 161,000 |
| Pretax income | 80,000 | 126,000 | 484,000 | 684,000 |
| Income tax | 21,000 | 43,000 | 195,000 | 277,000 |
| Net income | 59,000 | 83,000 | 289,000 | 407,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,049,000 | 15,901,000 | 16,505,000 | 18,052,000 |
| Total capital | 17,467,000 | 17,318,000 | 17,953,000 | 19,620,000 |
| Risk-weighted assets | 141,748,000 | 153,209,000 | 169,193,000 | 185,630,000 |