Call reports 2008
FIRST PACIFIC BANK — 2008
What FIRST PACIFIC 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 | 49,205,000 | 55,465,000 | 60,926,000 | 63,508,000 |
| Total loans | 23,073,000 | 29,837,000 | 37,306,000 | 36,987,000 |
| Allowance for loan losses | 289,000 | 373,000 | 469,000 | 555,000 |
| Securities available for sale | 20,583,000 | 15,705,000 | 15,443,000 | 15,527,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 34,520,000 | 41,611,000 | 46,916,000 | 49,058,000 |
| Interest-bearing deposits | 20,081,000 | 27,078,000 | 29,482,000 | 30,475,000 |
| Noninterest-bearing deposits | 14,439,000 | 14,533,000 | 17,434,000 | 18,583,000 |
| Equity capital | 14,591,000 | 13,757,000 | 13,900,000 | 14,295,000 |
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 | 646,000 | 1,351,000 | 2,153,000 | 2,967,000 |
| Interest expense | 112,000 | 203,000 | 315,000 | 438,000 |
| Net interest income | 534,000 | 1,148,000 | 1,838,000 | 2,529,000 |
| Noninterest income | 27,000 | 59,000 | 91,000 | 125,000 |
| Noninterest expense | 755,000 | 1,540,000 | 2,307,000 | 3,149,000 |
| Provision for loan losses | 57,000 | 142,000 | 237,000 | 324,000 |
| Pretax income | -251,000 | -438,000 | -578,000 | -782,000 |
| Income tax | 1,000 | 1,000 | 1,000 | 1,000 |
| Net income | -252,000 | -439,000 | -579,000 | -783,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,058,000 | 13,934,000 | 13,857,000 | 13,704,000 |
| Total capital | 14,347,000 | 14,307,000 | 14,326,000 | 14,259,000 |
| Risk-weighted assets | 35,989,000 | 46,570,000 | 53,292,000 | 54,389,000 |