Call reports 2008
NEW FRONTIER BANK — 2008
What NEW FRONTIER 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 | 2,022,506,000 | 2,033,392,000 | 2,024,375,000 | 2,009,347,000 |
| Total loans | 1,632,955,000 | 1,617,188,000 | 1,601,803,000 | 1,589,178,000 |
| Allowance for loan losses | 29,494,000 | 28,194,000 | 27,867,000 | 42,502,000 |
| Securities available for sale | 260,948,000 | 275,485,000 | 281,935,000 | 248,317,000 |
| Securities held to maturity | 10,000,000 | 10,000,000 | 10,000,000 | 10,000,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,613,137,000 | 1,630,915,000 | 1,650,240,000 | 1,676,003,000 |
| Interest-bearing deposits | 1,565,389,000 | 1,582,921,000 | 1,601,659,000 | 1,630,429,000 |
| Noninterest-bearing deposits | 47,748,000 | 47,994,000 | 48,581,000 | 45,574,000 |
| Equity capital | 166,622,000 | 164,690,000 | 164,943,000 | 157,380,000 |
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 | 35,982,000 | 69,084,000 | 101,035,000 | 133,776,000 |
| Interest expense | 22,232,000 | 43,643,000 | 63,835,000 | 83,731,000 |
| Net interest income | 13,750,000 | 25,441,000 | 37,200,000 | 50,045,000 |
| Noninterest income | 747,000 | -1,591,000 | -972,000 | -175,000 |
| Noninterest expense | 7,472,000 | 16,025,000 | 24,596,000 | 33,214,000 |
| Provision for loan losses | 4,989,000 | 8,783,000 | 15,582,000 | 37,595,000 |
| Pretax income | 2,111,000 | -847,000 | -3,786,000 | -20,508,000 |
| Income tax | 467,000 | -1,087,000 | -2,572,000 | -9,168,000 |
| Net income | 1,644,000 | 240,000 | -1,214,000 | -11,340,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 166,038,000 | 167,014,000 | 170,141,000 | 159,723,000 |
| Total capital | 188,664,000 | 189,424,000 | 192,540,000 | 181,867,000 |
| Risk-weighted assets | 1,802,789,000 | 1,786,649,000 | 1,786,082,000 | 1,750,792,000 |