Call reports 2008
MITCHELL BANK — 2008
What MITCHELL 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 | 81,555,000 | 81,818,000 | 78,750,000 | 78,099,000 |
| Total loans | 68,909,000 | 70,622,000 | 65,952,000 | 64,648,000 |
| Allowance for loan losses | 783,000 | 826,000 | 785,000 | 1,115,000 |
| Securities available for sale | 1,954,000 | 1,671,000 | 1,513,000 | 1,350,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 68,074,000 | 65,858,000 | 64,877,000 | 60,744,000 |
| Interest-bearing deposits | 54,671,000 | 54,046,000 | 53,468,000 | 49,181,000 |
| Noninterest-bearing deposits | 13,403,000 | 11,812,000 | 11,409,000 | 11,563,000 |
| Equity capital | 9,269,000 | 9,291,000 | 9,405,000 | 9,322,000 |
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 | 1,298,000 | 2,549,000 | 3,817,000 | 5,031,000 |
| Interest expense | 499,000 | 950,000 | 1,361,000 | 1,734,000 |
| Net interest income | 799,000 | 1,599,000 | 2,456,000 | 3,297,000 |
| Noninterest income | 87,000 | 208,000 | 285,000 | 359,000 |
| Noninterest expense | 730,000 | 1,515,000 | 2,227,000 | 2,986,000 |
| Provision for loan losses | 45,000 | 90,000 | 145,000 | 475,000 |
| Pretax income | 111,000 | 202,000 | 369,000 | 195,000 |
| Income tax | 44,000 | 80,000 | 145,000 | 69,000 |
| Net income | 67,000 | 122,000 | 224,000 | 126,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,243,000 | 9,298,000 | 9,399,000 | 9,301,000 |
| Total capital | 10,026,000 | 10,108,000 | 10,152,000 | 10,044,000 |
| Risk-weighted assets | 63,582,000 | 64,823,000 | 60,234,000 | 59,065,000 |