Call reports 2008
VALLEY EXCHANGE BANK — 2008
What VALLEY EXCHANGE 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 | 54,972,000 | 55,440,000 | 54,151,000 | 53,136,000 |
| Total loans | 29,577,000 | 30,227,000 | 31,335,000 | 32,076,000 |
| Allowance for loan losses | 228,000 | 225,000 | 225,000 | 227,000 |
| Securities available for sale | 5,105,000 | 5,528,000 | 4,558,000 | 4,570,000 |
| Securities held to maturity | 13,674,000 | 13,670,000 | 10,764,000 | 12,273,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 45,583,000 | 46,014,000 | 44,528,000 | 43,794,000 |
| Interest-bearing deposits | 38,790,000 | 39,317,000 | 37,754,000 | 36,998,000 |
| Noninterest-bearing deposits | 6,793,000 | 6,697,000 | 6,774,000 | 6,796,000 |
| Equity capital | 9,164,000 | 9,218,000 | 9,335,000 | 9,206,000 |
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 | 770,000 | 1,470,000 | 2,182,000 | 2,825,000 |
| Interest expense | 254,000 | 480,000 | 691,000 | 884,000 |
| Net interest income | 516,000 | 990,000 | 1,491,000 | 1,941,000 |
| Noninterest income | 51,000 | 108,000 | 166,000 | 223,000 |
| Noninterest expense | 385,000 | 785,000 | 1,169,000 | 1,577,000 |
| Provision for loan losses | 50,000 | 50,000 | 50,000 | 60,000 |
| Pretax income | 132,000 | 263,000 | 438,000 | 527,000 |
| Income tax | 49,000 | 91,000 | 167,000 | 189,000 |
| Net income | 83,000 | 172,000 | 271,000 | 338,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,091,000 | 9,162,000 | 9,271,000 | 9,135,000 |
| Total capital | 9,319,000 | 9,387,000 | 9,496,000 | 9,362,000 |
| Risk-weighted assets | 30,234,000 | 30,441,000 | 31,803,000 | 31,755,000 |