Call reports 2008
MECHANICS SAVINGS BANK — 2008
What MECHANICS SAVINGS 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 | 259,716,000 | 266,408,000 | 260,425,000 | 271,553,000 |
| Total loans | 227,397,000 | 233,152,000 | 241,351,000 | 254,415,000 |
| Allowance for loan losses | 3,504,000 | 3,634,000 | 5,347,000 | 5,829,000 |
| Securities available for sale | 18,559,000 | 19,223,000 | 6,703,000 | 7,057,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 2,398,000 | 2,790,000 | 0 | 0 |
| Total deposits | 202,681,000 | 198,829,000 | 198,942,000 | 201,475,000 |
| Interest-bearing deposits | 195,518,000 | 188,687,000 | 188,475,000 | 191,918,000 |
| Noninterest-bearing deposits | 7,163,000 | 10,142,000 | 10,467,000 | 9,557,000 |
| Equity capital | 34,015,000 | 34,917,000 | 32,479,000 | 31,241,000 |
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 | 4,453,000 | 8,747,000 | 13,205,000 | 17,543,000 |
| Interest expense | 2,141,000 | 4,003,000 | 5,799,000 | 7,480,000 |
| Net interest income | 2,312,000 | 4,744,000 | 7,406,000 | 10,063,000 |
| Noninterest income | -127,000 | 544,000 | 387,000 | 607,000 |
| Noninterest expense | 2,097,000 | 4,424,000 | 6,755,000 | 9,119,000 |
| Provision for loan losses | 300,000 | 659,000 | 2,929,000 | 3,559,000 |
| Pretax income | -212,000 | 486,000 | 611,000 | 119,000 |
| Income tax | -7,000 | 116,000 | 174,000 | 12,000 |
| Net income | -205,000 | 370,000 | 437,000 | 107,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 31,721,000 | 32,295,000 | 32,364,000 | 30,985,000 |
| Total capital | 35,443,000 | 36,342,000 | 34,604,000 | 33,437,000 |
| Risk-weighted assets | 179,929,000 | 185,170,000 | 175,970,000 | 187,830,000 |