Call reports 2008
WESTERN STATES BANK — 2008
What WESTERN STATES 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 | 118,878,000 | 116,705,000 | 119,640,000 | 120,549,000 |
| Total loans | 58,885,000 | 68,786,000 | 76,051,000 | 76,830,000 |
| Allowance for loan losses | 882,000 | 890,000 | 910,000 | 943,000 |
| Securities available for sale | 2,995,000 | 3,995,000 | 3,995,000 | 0 |
| Securities held to maturity | 50,000 | 50,000 | 50,000 | 4,259,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 104,448,000 | 101,831,000 | 104,746,000 | 105,795,000 |
| Interest-bearing deposits | 88,616,000 | 85,103,000 | 87,900,000 | 89,949,000 |
| Noninterest-bearing deposits | 15,832,000 | 16,728,000 | 16,846,000 | 15,846,000 |
| Equity capital | 13,805,000 | 14,322,000 | 14,360,000 | 14,457,000 |
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 | 1,688,000 | 3,341,000 | 5,045,000 | 6,702,000 |
| Interest expense | 709,000 | 1,328,000 | 1,894,000 | 2,411,000 |
| Net interest income | 979,000 | 2,013,000 | 3,151,000 | 4,291,000 |
| Noninterest income | 46,000 | 86,000 | 143,000 | 211,000 |
| Noninterest expense | 954,000 | 1,855,000 | 2,852,000 | 3,884,000 |
| Provision for loan losses | 11,000 | 21,000 | 41,000 | 81,000 |
| Pretax income | 60,000 | 223,000 | 401,000 | 537,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 60,000 | 223,000 | 401,000 | 537,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,783,000 | 9,300,000 | 9,338,000 | 9,435,000 |
| Total capital | 9,646,000 | 10,190,000 | 10,248,000 | 10,378,000 |
| Risk-weighted assets | 71,581,000 | 79,479,000 | 84,562,000 | 85,094,000 |