Call reports 2008
FIRST CHEROKEE STATE BANK — 2008
What FIRST CHEROKEE STATE 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 | 314,916,000 | 322,531,000 | 301,270,000 | 303,231,000 |
| Total loans | 250,964,000 | 243,981,000 | 219,436,000 | 204,567,000 |
| Allowance for loan losses | 4,287,000 | 4,992,000 | 4,006,000 | 7,114,000 |
| Securities available for sale | 26,303,000 | 24,829,000 | 24,830,000 | 25,350,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 249,285,000 | 259,286,000 | 239,568,000 | 247,956,000 |
| Interest-bearing deposits | 214,090,000 | 223,905,000 | 209,677,000 | 213,499,000 |
| Noninterest-bearing deposits | 35,195,000 | 35,381,000 | 29,891,000 | 34,457,000 |
| Equity capital | 28,619,000 | 25,929,000 | 24,354,000 | 17,357,000 |
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 | 4,723,000 | 8,854,000 | 12,793,000 | 16,315,000 |
| Interest expense | 2,225,000 | 4,373,000 | 6,398,000 | 8,265,000 |
| Net interest income | 2,498,000 | 4,481,000 | 6,395,000 | 8,050,000 |
| Noninterest income | 606,000 | 1,227,000 | 2,066,000 | 189,000 |
| Noninterest expense | 2,698,000 | 5,459,000 | 8,239,000 | 11,663,000 |
| Provision for loan losses | 340,000 | 1,565,000 | 3,720,000 | 7,993,000 |
| Pretax income | 163,000 | -1,219,000 | -3,401,000 | -11,320,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 163,000 | -1,219,000 | -3,401,000 | -11,320,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 29,198,000 | 27,505,000 | 25,333,000 | 17,474,000 |
| Total capital | 32,575,000 | 30,819,000 | 28,473,000 | 20,516,000 |
| Risk-weighted assets | 269,233,000 | 263,443,000 | 250,304,000 | 239,329,000 |