Call reports 2008
MECHANICS COOPERATIVE BANK — 2008
What MECHANICS COOPERATIVE 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 | 189,831,000 | 194,341,000 | 312,207,000 | 312,141,000 |
| Total loans | 107,526,000 | 107,573,000 | 165,937,000 | 170,882,000 |
| Allowance for loan losses | 1,166,000 | 1,178,000 | 1,623,000 | 1,562,000 |
| Securities available for sale | 66,572,000 | 72,137,000 | 127,344,000 | 118,966,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 137,120,000 | 136,843,000 | 226,350,000 | 234,508,000 |
| Interest-bearing deposits | 125,967,000 | 125,300,000 | 210,269,000 | 216,712,000 |
| Noninterest-bearing deposits | 11,153,000 | 11,543,000 | 16,081,000 | 17,796,000 |
| Equity capital | 15,717,000 | 15,670,000 | 25,334,000 | 24,809,000 |
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 | 2,840,000 | 5,610,000 | 8,968,000 | 13,227,000 |
| Interest expense | 1,392,000 | 2,652,000 | 4,143,000 | 6,006,000 |
| Net interest income | 1,448,000 | 2,958,000 | 4,825,000 | 7,221,000 |
| Noninterest income | 191,000 | 384,000 | 586,000 | 771,000 |
| Noninterest expense | 1,337,000 | 2,652,000 | 4,340,000 | 6,594,000 |
| Provision for loan losses | 30,000 | 63,000 | 99,000 | 130,000 |
| Pretax income | 272,000 | 627,000 | 967,000 | 1,247,000 |
| Income tax | 94,000 | 214,000 | 323,000 | 414,000 |
| Net income | 178,000 | 413,000 | 644,000 | 833,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,639,000 | 15,729,000 | 25,646,000 | 25,360,000 |
| Total capital | 16,805,000 | 16,907,000 | 27,269,000 | 26,922,000 |
| Risk-weighted assets | 117,757,000 | 122,122,000 | 168,583,000 | 173,564,000 |