Call reports 2008
GROVE BANK — 2008
What GROVE 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 | 18,538,000 | 19,339,000 | 18,261,000 | 18,915,000 |
| Total loans | 12,121,000 | 12,392,000 | 12,323,000 | 12,110,000 |
| Allowance for loan losses | 229,000 | 229,000 | 229,000 | 225,000 |
| Securities available for sale | 3,725,000 | 3,753,000 | 3,564,000 | 2,906,000 |
| Securities held to maturity | 85,000 | 85,000 | 85,000 | 85,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 14,579,000 | 15,408,000 | 14,278,000 | 14,833,000 |
| Interest-bearing deposits | 12,026,000 | 12,673,000 | 11,632,000 | 12,264,000 |
| Noninterest-bearing deposits | 2,553,000 | 2,735,000 | 2,646,000 | 2,569,000 |
| Equity capital | 3,836,000 | 3,785,000 | 3,860,000 | 4,015,000 |
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 | 306,000 | 609,000 | 917,000 | 1,215,000 |
| Interest expense | 105,000 | 201,000 | 283,000 | 361,000 |
| Net interest income | 201,000 | 408,000 | 634,000 | 854,000 |
| Noninterest income | 37,000 | 81,000 | 120,000 | 159,000 |
| Noninterest expense | 131,000 | 278,000 | 417,000 | 579,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 107,000 | 211,000 | 337,000 | 434,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 107,000 | 211,000 | 337,000 | 434,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,772,000 | 3,769,000 | 3,833,000 | 3,911,000 |
| Total capital | 3,928,000 | 3,928,000 | 3,989,000 | 4,065,000 |
| Risk-weighted assets | 12,399,000 | 12,671,000 | 12,410,000 | 12,270,000 |