Call reports 2008
EXCHANGE BANK OF FAIRFAX — 2008
What EXCHANGE BANK OF FAIRFAX 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 | 15,076,000 | 15,169,000 | 15,086,000 | 14,661,000 |
| Total loans | 4,465,000 | 4,697,000 | 4,752,000 | 4,212,000 |
| Allowance for loan losses | 378,000 | 378,000 | 378,000 | 205,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 5,980,000 | 6,069,000 | 5,572,000 | 5,071,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 12,147,000 | 12,279,000 | 12,174,000 | 11,966,000 |
| Interest-bearing deposits | 8,634,000 | 8,645,000 | 8,631,000 | 8,378,000 |
| Noninterest-bearing deposits | 3,513,000 | 3,634,000 | 3,543,000 | 3,588,000 |
| Equity capital | 2,785,000 | 2,764,000 | 2,750,000 | 2,656,000 |
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 | 216,000 | 417,000 | 619,000 | 803,000 |
| Interest expense | 49,000 | 92,000 | 121,000 | 145,000 |
| Net interest income | 167,000 | 325,000 | 498,000 | 658,000 |
| Noninterest income | 8,000 | 15,000 | 23,000 | 32,000 |
| Noninterest expense | 112,000 | 223,000 | 338,000 | 446,000 |
| Provision for loan losses | 0 | 0 | 0 | 90,000 |
| Pretax income | 63,000 | 117,000 | 183,000 | 154,000 |
| Income tax | 19,000 | 34,000 | 54,000 | 54,000 |
| Net income | 44,000 | 83,000 | 129,000 | 100,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,785,000 | 2,764,000 | 2,750,000 | 2,656,000 |
| Total capital | 2,885,000 | 2,860,000 | 2,845,000 | 2,734,000 |
| Risk-weighted assets | 7,704,000 | 7,388,000 | 7,320,000 | 6,085,000 |