Call reports 2006
ATLANTIC COMMUNITY BANK — 2006
What ATLANTIC COMMUNITY BANK reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 30,303,000 | 38,971,000 | 46,582,000 | 51,879,000 |
| Total loans | 5,693,000 | 17,072,000 | 31,668,000 | 38,820,000 |
| Allowance for loan losses | 57,000 | 168,000 | 300,000 | 389,000 |
| Securities available for sale | 0 | 685,000 | 3,129,000 | 3,561,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 20,366,000 | 29,690,000 | 37,320,000 | 41,650,000 |
| Interest-bearing deposits | 16,990,000 | 24,888,000 | 30,278,000 | 36,236,000 |
| Noninterest-bearing deposits | 3,376,000 | 4,802,000 | 7,042,000 | 5,414,000 |
| Equity capital | 9,514,000 | 9,166,000 | 8,920,000 | 9,961,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 159,000 | 642,000 | 1,336,000 | 2,162,000 |
| Interest expense | 56,000 | 306,000 | 630,000 | 980,000 |
| Net interest income | 103,000 | 336,000 | 706,000 | 1,182,000 |
| Noninterest income | 22,000 | 62,000 | 124,000 | 188,000 |
| Noninterest expense | 1,203,000 | 1,873,000 | 2,573,000 | 3,276,000 |
| Provision for loan losses | 57,000 | 168,000 | 300,000 | 390,000 |
| Pretax income | -1,135,000 | -1,643,000 | -2,043,000 | -2,296,000 |
| Income tax | -391,000 | -559,000 | -695,000 | -780,000 |
| Net income | -744,000 | -1,084,000 | -1,348,000 | -1,516,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,514,000 | 9,174,000 | 8,920,000 | 9,951,000 |
| Total capital | 9,571,000 | 9,342,000 | 9,220,000 | 10,340,000 |
| Risk-weighted assets | 10,872,000 | 20,241,000 | 32,370,000 | 37,915,000 |