Call reports 2008
PREFERRED COMMUNITY BANK — 2008
What PREFERRED COMMUNITY 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 | 21,816,000 | 26,395,000 | 31,136,000 | 37,820,000 |
| Total loans | 11,875,000 | 18,122,000 | 21,890,000 | 24,129,000 |
| Allowance for loan losses | 154,000 | 235,000 | 284,000 | 315,000 |
| Securities available for sale | 5,404,000 | 5,903,000 | 6,436,000 | 7,752,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 10,772,000 | 12,774,000 | 20,390,000 | 27,116,000 |
| Interest-bearing deposits | 9,347,000 | 10,936,000 | 17,672,000 | 25,273,000 |
| Noninterest-bearing deposits | 1,425,000 | 1,838,000 | 2,717,000 | 1,843,000 |
| Equity capital | 10,989,000 | 10,740,000 | 10,677,000 | 10,623,000 |
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 | 291,000 | 637,000 | 1,069,000 | 1,552,000 |
| Interest expense | 74,000 | 172,000 | 319,000 | 521,000 |
| Net interest income | 217,000 | 465,000 | 750,000 | 1,031,000 |
| Noninterest income | 15,000 | 23,000 | 44,000 | 61,000 |
| Noninterest expense | 441,000 | 889,000 | 1,352,000 | 1,962,000 |
| Provision for loan losses | 65,000 | 146,000 | 194,000 | 226,000 |
| Pretax income | -274,000 | -547,000 | -752,000 | -1,096,000 |
| Income tax | -103,000 | -205,000 | -282,000 | -382,000 |
| Net income | -171,000 | -342,000 | -470,000 | -714,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,441,000 | 10,123,000 | 10,639,000 | 9,778,000 |
| Total capital | 10,595,000 | 10,358,000 | 10,923,000 | 10,093,000 |
| Risk-weighted assets | 15,088,000 | 21,002,000 | 25,857,000 | 28,520,000 |