Call reports 2008
CHARTER OAK BANK — 2008
What CHARTER OAK 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 | 115,074,000 | 115,020,000 | 131,279,000 | 136,512,000 |
| Total loans | 98,669,000 | 101,548,000 | 116,692,000 | 123,811,000 |
| Allowance for loan losses | 1,090,000 | 1,235,000 | 1,442,000 | 1,803,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 90,455,000 | 91,455,000 | 103,827,000 | 107,210,000 |
| Interest-bearing deposits | 69,969,000 | 66,622,000 | 76,502,000 | 80,199,000 |
| Noninterest-bearing deposits | 20,486,000 | 24,833,000 | 27,325,000 | 27,011,000 |
| Equity capital | 16,127,000 | 16,364,000 | 17,395,000 | 17,264,000 |
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 | 1,807,000 | 3,558,000 | 5,396,000 | 7,161,000 |
| Interest expense | 571,000 | 1,023,000 | 1,460,000 | 1,890,000 |
| Net interest income | 1,236,000 | 2,535,000 | 3,936,000 | 5,271,000 |
| Noninterest income | 97,000 | 211,000 | 317,000 | 421,000 |
| Noninterest expense | 1,083,000 | 2,150,000 | 3,263,000 | 4,477,000 |
| Provision for loan losses | 89,000 | 234,000 | 442,000 | 1,127,000 |
| Pretax income | 161,000 | 362,000 | 548,000 | 88,000 |
| Income tax | 1,000 | 1,000 | -807,000 | -1,086,000 |
| Net income | 160,000 | 361,000 | 1,355,000 | 1,174,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,127,000 | 16,364,000 | 17,395,000 | 17,264,000 |
| Total capital | 17,261,000 | 17,643,000 | 18,881,000 | 19,038,000 |
| Risk-weighted assets | 113,576,000 | 116,687,000 | 134,796,000 | 141,055,000 |