Call reports 2008
HAPPY STATE BANK — 2008
What HAPPY STATE 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 | 706,542,000 | 871,840,000 | 875,753,000 | 982,319,000 |
| Total loans | 416,483,000 | 535,744,000 | 593,811,000 | 618,858,000 |
| Allowance for loan losses | 3,872,000 | 4,882,000 | 5,054,000 | 6,252,000 |
| Securities available for sale | 215,635,000 | 197,651,000 | 162,309,000 | 232,163,000 |
| Securities held to maturity | 2,405,000 | 2,405,000 | 2,405,000 | 2,405,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 555,972,000 | 767,730,000 | 764,447,000 | 774,038,000 |
| Interest-bearing deposits | 423,514,000 | 599,462,000 | 599,399,000 | 599,916,000 |
| Noninterest-bearing deposits | 132,458,000 | 168,267,000 | 165,048,000 | 174,122,000 |
| Equity capital | 68,158,000 | 91,643,000 | 98,101,000 | 102,008,000 |
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 | 9,768,000 | 20,647,000 | 32,759,000 | 44,666,000 |
| Interest expense | 3,460,000 | 6,675,000 | 10,195,000 | 13,389,000 |
| Net interest income | 6,308,000 | 13,972,000 | 22,564,000 | 31,277,000 |
| Noninterest income | 2,965,000 | 5,753,000 | 9,119,000 | 12,987,000 |
| Noninterest expense | 6,450,000 | 13,824,000 | 23,157,000 | 32,155,000 |
| Provision for loan losses | 375,000 | 1,450,000 | 1,950,000 | 3,600,000 |
| Pretax income | 3,200,000 | 5,315,000 | 7,869,000 | 10,170,000 |
| Income tax | 918,000 | 1,436,000 | 2,090,000 | 2,612,000 |
| Net income | 2,282,000 | 3,879,000 | 5,779,000 | 7,558,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 57,778,000 | 64,586,000 | 68,717,000 | 70,562,000 |
| Total capital | 61,650,000 | 69,468,000 | 73,771,000 | 76,814,000 |
| Risk-weighted assets | 491,777,000 | 609,237,000 | 650,886,000 | 701,953,000 |