Call reports 2008
PACESETTER BANK — 2008
What PACESETTER 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 | 116,559,000 | 120,424,000 | 111,000,000 | 111,709,000 |
| Total loans | 76,402,000 | 74,841,000 | 73,429,000 | 72,537,000 |
| Allowance for loan losses | 863,000 | 844,000 | 870,000 | 894,000 |
| Securities available for sale | 5,333,000 | 3,689,000 | 3,670,000 | 5,448,000 |
| Securities held to maturity | 2,048,000 | 2,149,000 | 1,973,000 | 2,188,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 101,413,000 | 105,341,000 | 95,783,000 | 96,789,000 |
| Interest-bearing deposits | 89,430,000 | 92,701,000 | 83,206,000 | 82,810,000 |
| Noninterest-bearing deposits | 11,983,000 | 12,640,000 | 12,577,000 | 13,979,000 |
| Equity capital | 12,961,000 | 13,064,000 | 13,171,000 | 13,206,000 |
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 | 1,624,000 | 3,191,000 | 4,675,000 | 6,030,000 |
| Interest expense | 629,000 | 1,200,000 | 1,708,000 | 2,134,000 |
| Net interest income | 995,000 | 1,991,000 | 2,967,000 | 3,896,000 |
| Noninterest income | 301,000 | 624,000 | 931,000 | 1,235,000 |
| Noninterest expense | 984,000 | 1,995,000 | 2,989,000 | 4,046,000 |
| Provision for loan losses | 45,000 | 90,000 | 135,000 | 195,000 |
| Pretax income | 267,000 | 558,000 | 802,000 | 918,000 |
| Income tax | 94,000 | 190,000 | 270,000 | 285,000 |
| Net income | 173,000 | 368,000 | 532,000 | 633,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,906,000 | 13,018,000 | 13,099,000 | 13,117,000 |
| Total capital | 13,769,000 | 13,899,000 | 14,000,000 | 14,019,000 |
| Risk-weighted assets | 74,124,000 | 73,951,000 | 71,632,000 | 70,185,000 |