Call reports 2008
ANDOVER STATE BANK — 2008
What ANDOVER STATE 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 | 61,921,000 | 61,232,000 | 58,606,000 | 56,573,000 |
| Total loans | 40,440,000 | 39,797,000 | 38,408,000 | 39,884,000 |
| Allowance for loan losses | 299,000 | 268,000 | 262,000 | 267,000 |
| Securities available for sale | 10,729,000 | 10,566,000 | 10,565,000 | 9,173,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 55,812,000 | 55,254,000 | 52,528,000 | 50,362,000 |
| Interest-bearing deposits | 48,261,000 | 46,718,000 | 44,495,000 | 42,844,000 |
| Noninterest-bearing deposits | 7,551,000 | 8,536,000 | 8,033,000 | 7,518,000 |
| Equity capital | 4,905,000 | 4,855,000 | 4,918,000 | 5,037,000 |
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 | 861,000 | 1,677,000 | 2,465,000 | 3,213,000 |
| Interest expense | 307,000 | 557,000 | 804,000 | 1,012,000 |
| Net interest income | 554,000 | 1,120,000 | 1,661,000 | 2,201,000 |
| Noninterest income | 176,000 | 315,000 | 489,000 | 630,000 |
| Noninterest expense | 712,000 | 1,350,000 | 1,957,000 | 2,565,000 |
| Provision for loan losses | 8,000 | 16,000 | 24,000 | 28,000 |
| Pretax income | 10,000 | 69,000 | 169,000 | 238,000 |
| Income tax | -1,000 | 14,000 | 47,000 | 68,000 |
| Net income | 11,000 | 55,000 | 122,000 | 170,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,761,000 | 4,805,000 | 4,871,000 | 4,934,000 |
| Total capital | 5,061,000 | 5,073,000 | 5,133,000 | 5,201,000 |
| Risk-weighted assets | 46,392,000 | 44,272,000 | 43,160,000 | 43,691,000 |