Call reports 2008
HOWARD BANK — 2008
What HOWARD 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 | 202,945,000 | 214,181,000 | 225,617,000 | 229,395,000 |
| Total loans | 180,216,000 | 188,620,000 | 193,085,000 | 203,661,000 |
| Allowance for loan losses | 2,801,000 | 2,969,000 | 2,322,000 | 2,653,000 |
| Securities available for sale | 11,777,000 | 9,427,000 | 14,218,000 | 10,190,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 168,167,000 | 180,590,000 | 178,858,000 | 184,031,000 |
| Interest-bearing deposits | 136,805,000 | 144,817,000 | 141,313,000 | 144,744,000 |
| Noninterest-bearing deposits | 31,362,000 | 35,773,000 | 37,545,000 | 39,287,000 |
| Equity capital | 22,473,000 | 22,446,000 | 22,647,000 | 22,837,000 |
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 | 2,992,000 | 5,965,000 | 9,093,000 | 12,245,000 |
| Interest expense | 1,364,000 | 2,575,000 | 3,765,000 | 4,936,000 |
| Net interest income | 1,628,000 | 3,390,000 | 5,328,000 | 7,309,000 |
| Noninterest income | 100,000 | 247,000 | 390,000 | 515,000 |
| Noninterest expense | 1,399,000 | 2,798,000 | 4,374,000 | 5,957,000 |
| Provision for loan losses | 138,000 | 583,000 | 821,000 | 1,152,000 |
| Pretax income | 191,000 | 256,000 | 523,000 | 715,000 |
| Income tax | 76,000 | 105,000 | 189,000 | 240,000 |
| Net income | 115,000 | 151,000 | 334,000 | 475,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,417,000 | 22,453,000 | 22,636,000 | 22,777,000 |
| Total capital | 24,713,000 | 24,826,000 | 24,958,000 | 25,296,000 |
| Risk-weighted assets | 183,158,000 | 191,410,000 | 199,462,000 | 201,378,000 |