Call reports 2008
GULFSHORE BANK — 2008
What GULFSHORE 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 | 39,849,000 | 22,280,000 | 23,901,000 | 29,753,000 |
| Total loans | 5,084,000 | 9,537,000 | 15,178,000 | 17,642,000 |
| Allowance for loan losses | 61,000 | 114,000 | 183,000 | 212,000 |
| Securities available for sale | 2,015,000 | 1,900,000 | 1,901,000 | 1,933,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 28,051,000 | 10,958,000 | 10,940,000 | 17,197,000 |
| Interest-bearing deposits | 22,348,000 | 6,191,000 | 7,278,000 | 12,373,000 |
| Noninterest-bearing deposits | 5,703,000 | 4,767,000 | 3,662,000 | 4,824,000 |
| Equity capital | 11,754,000 | 11,288,000 | 10,920,000 | 10,517,000 |
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 | 187,000 | 398,000 | 627,000 | 925,000 |
| Interest expense | 45,000 | 91,000 | 132,000 | 211,000 |
| Net interest income | 142,000 | 307,000 | 495,000 | 714,000 |
| Noninterest income | 1,000 | 2,000 | 8,000 | 9,000 |
| Noninterest expense | 511,000 | 1,023,000 | 1,572,000 | 2,227,000 |
| Provision for loan losses | 14,000 | 67,000 | 136,000 | 192,000 |
| Pretax income | -382,000 | -781,000 | -1,205,000 | -1,696,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -382,000 | -781,000 | -1,205,000 | -1,696,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,770,000 | 11,378,000 | 10,962,000 | 10,477,000 |
| Total capital | 11,831,000 | 11,492,000 | 11,145,000 | 10,689,000 |
| Risk-weighted assets | 12,512,000 | 12,329,000 | 17,195,000 | 20,141,000 |