Call reports 2008
STEARNS BANK NATIONAL ASSOCIATION — 2008
What STEARNS BANK NATIONAL ASSOCIATION 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 | 1,106,700,000 | 1,030,939,000 | 937,056,000 | 935,723,000 |
| Total loans | 1,013,130,000 | 946,352,000 | 831,899,000 | 761,558,000 |
| Allowance for loan losses | 25,899,000 | 18,250,000 | 23,682,000 | 28,179,000 |
| Securities available for sale | 58,234,000 | 54,059,000 | 53,759,000 | 71,712,000 |
| Securities held to maturity | 5,202,000 | 5,209,000 | 5,198,000 | 5,203,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 847,574,000 | 723,633,000 | 704,784,000 | 727,677,000 |
| Interest-bearing deposits | 747,711,000 | 633,753,000 | 609,456,000 | 620,955,000 |
| Noninterest-bearing deposits | 99,863,000 | 89,880,000 | 95,328,000 | 106,722,000 |
| Equity capital | 173,027,000 | 168,372,000 | 174,018,000 | 181,349,000 |
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 | 25,569,000 | 47,704,000 | 68,801,000 | 88,891,000 |
| Interest expense | 8,371,000 | 14,712,000 | 20,361,000 | 25,589,000 |
| Net interest income | 17,198,000 | 32,992,000 | 48,440,000 | 63,302,000 |
| Noninterest income | 1,262,000 | 2,699,000 | 4,786,000 | 6,684,000 |
| Noninterest expense | 6,936,000 | 13,614,000 | 20,031,000 | 25,633,000 |
| Provision for loan losses | 8,325,000 | 15,600,000 | 22,725,000 | 28,725,000 |
| Pretax income | 3,199,000 | 6,477,000 | 10,470,000 | 15,821,000 |
| Income tax | 69,000 | 218,000 | 373,000 | 547,000 |
| Net income | 3,130,000 | 6,259,000 | 10,097,000 | 15,274,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 175,404,000 | 172,533,000 | 176,371,000 | 181,548,000 |
| Total capital | 189,368,000 | 185,047,000 | 187,565,000 | 191,918,000 |
| Risk-weighted assets | 1,105,183,000 | 995,419,000 | 883,145,000 | 811,763,000 |