Call reports 2008
NUVO BANK AND TRUST — 2008
What NUVO BANK AND TRUST reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|
| Total assets | 10,341,000 | 12,331,000 | 18,960,000 |
| Total loans | 141,000 | 2,008,000 | 4,693,000 |
| Allowance for loan losses | 0 | 0 | 58,000 |
| Securities available for sale | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 14,000 | 2,343,000 | 9,576,000 |
| Interest-bearing deposits | 0 | 1,984,000 | 7,800,000 |
| Noninterest-bearing deposits | 14,000 | 359,000 | 1,776,000 |
| Equity capital | 10,327,000 | 9,986,000 | 9,190,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|
| Interest income | 31,000 | 93,000 | 207,000 |
| Interest expense | 0 | 5,000 | 39,000 |
| Net interest income | 31,000 | 88,000 | 168,000 |
| Noninterest income | 0 | 0 | 0 |
| Noninterest expense | 173,000 | 571,000 | 1,388,000 |
| Provision for loan losses | 0 | 0 | 58,000 |
| Pretax income | -142,000 | -483,000 | -1,278,000 |
| Income tax | 0 | 0 | 0 |
| Net income | -142,000 | -483,000 | -1,278,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|
| Tier 1 capital | 10,327,000 | 9,986,000 | 9,190,000 |
| Total capital | 10,327,000 | 9,986,000 | 9,248,000 |
| Risk-weighted assets | 2,228,000 | 12,330,000 | 8,773,000 |