Call reports 2008
SEA ISLAND BANK — 2008
What SEA ISLAND 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 | 714,990,000 | 745,695,000 | 768,533,000 | 781,624,000 |
| Total loans | 627,269,000 | 656,365,000 | 680,665,000 | 668,719,000 |
| Allowance for loan losses | 7,666,000 | 12,384,000 | 11,642,000 | 10,419,000 |
| Securities available for sale | 53,182,000 | 57,051,000 | 56,436,000 | 54,053,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 541,494,000 | 552,262,000 | 635,273,000 | 649,739,000 |
| Interest-bearing deposits | 520,202,000 | 532,484,000 | 615,475,000 | 583,686,000 |
| Noninterest-bearing deposits | 21,292,000 | 19,778,000 | 19,798,000 | 66,053,000 |
| Equity capital | 62,587,000 | 61,942,000 | 65,010,000 | 67,285,000 |
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 | 11,752,000 | 22,497,000 | 33,478,000 | 44,015,000 |
| Interest expense | 5,420,000 | 10,148,000 | 15,157,000 | 20,343,000 |
| Net interest income | 6,332,000 | 12,349,000 | 18,321,000 | 23,672,000 |
| Noninterest income | 1,046,000 | 2,002,000 | 2,865,000 | 3,763,000 |
| Noninterest expense | 3,799,000 | 7,867,000 | 11,795,000 | 15,664,000 |
| Provision for loan losses | -330,000 | 4,710,000 | 5,564,000 | 8,207,000 |
| Pretax income | 3,909,000 | 1,774,000 | 3,827,000 | 3,564,000 |
| Income tax | 1,460,000 | 584,000 | 1,338,000 | 1,193,000 |
| Net income | 2,449,000 | 1,190,000 | 2,489,000 | 2,371,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 61,494,000 | 61,579,000 | 64,631,000 | 65,886,000 |
| Total capital | 69,160,000 | 70,380,000 | 73,650,000 | 74,809,000 |
| Risk-weighted assets | 675,945,000 | 700,116,000 | 718,512,000 | 712,064,000 |