Call reports 2008
BANK OF FARMINGTON — 2008
What BANK OF FARMINGTON 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 | 73,248,000 | 74,757,000 | 74,819,000 | 77,891,000 |
| Total loans | 45,563,000 | 48,403,000 | 50,008,000 | 52,704,000 |
| Allowance for loan losses | 498,000 | 499,000 | 514,000 | 529,000 |
| Securities available for sale | 21,401,000 | 20,453,000 | 19,773,000 | 19,920,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 61,590,000 | 63,147,000 | 63,223,000 | 65,776,000 |
| Interest-bearing deposits | 55,641,000 | 56,496,000 | 57,736,000 | 60,078,000 |
| Noninterest-bearing deposits | 5,949,000 | 6,651,000 | 5,487,000 | 5,698,000 |
| Equity capital | 9,789,000 | 9,764,000 | 9,744,000 | 9,891,000 |
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 | 1,047,000 | 2,124,000 | 3,205,000 | 4,322,000 |
| Interest expense | 555,000 | 1,067,000 | 1,546,000 | 2,019,000 |
| Net interest income | 492,000 | 1,057,000 | 1,659,000 | 2,303,000 |
| Noninterest income | 100,000 | 193,000 | 294,000 | 388,000 |
| Noninterest expense | 442,000 | 865,000 | 1,303,000 | 1,761,000 |
| Provision for loan losses | 10,000 | 14,000 | 31,000 | 131,000 |
| Pretax income | 140,000 | 371,000 | 619,000 | 799,000 |
| Income tax | 22,000 | 43,000 | 64,000 | 103,000 |
| Net income | 118,000 | 328,000 | 555,000 | 696,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,550,000 | 9,713,000 | 9,746,000 | 9,786,000 |
| Total capital | 10,048,000 | 10,212,000 | 10,260,000 | 10,315,000 |
| Risk-weighted assets | 50,024,000 | 52,890,000 | 54,382,000 | 56,800,000 |