Call reports 2008
PROVIDENCE BANK — 2008
What PROVIDENCE 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 | 31,477,000 | 38,763,000 | 41,802,000 | 42,741,000 |
| Total loans | 21,454,000 | 27,442,000 | 29,371,000 | 33,906,000 |
| Allowance for loan losses | 289,000 | 366,000 | 424,000 | 536,000 |
| Securities available for sale | 5,105,000 | 4,466,000 | 4,290,000 | 4,206,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 23,210,000 | 29,163,000 | 31,210,000 | 31,508,000 |
| Interest-bearing deposits | 22,165,000 | 27,301,000 | 28,779,000 | 28,003,000 |
| Noninterest-bearing deposits | 1,045,000 | 1,862,000 | 2,431,000 | 3,505,000 |
| Equity capital | 5,221,000 | 5,023,000 | 5,004,000 | 5,089,000 |
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 | 437,000 | 916,000 | 1,461,000 | 2,009,000 |
| Interest expense | 253,000 | 525,000 | 820,000 | 1,119,000 |
| Net interest income | 184,000 | 391,000 | 641,000 | 890,000 |
| Noninterest income | 7,000 | 15,000 | 38,000 | 47,000 |
| Noninterest expense | 446,000 | 914,000 | 1,326,000 | 1,736,000 |
| Provision for loan losses | 18,000 | 95,000 | 155,000 | 284,000 |
| Pretax income | -273,000 | -603,000 | -802,000 | -1,083,000 |
| Income tax | 0 | 0 | 0 | -309,000 |
| Net income | -273,000 | -603,000 | -802,000 | -774,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,206,000 | 5,038,000 | 5,030,000 | 4,905,000 |
| Total capital | 5,478,000 | 5,371,000 | 5,393,000 | 5,318,000 |
| Risk-weighted assets | 21,816,000 | 26,650,000 | 29,021,000 | 32,977,000 |
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