Call reports 2008
OPTIMUMBANK — 2008
What OPTIMUMBANK 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 | 254,281,000 | 251,715,000 | 259,440,000 | 255,388,000 |
| Total loans | 167,642,000 | 162,200,000 | 163,511,000 | 162,600,000 |
| Allowance for loan losses | 794,000 | 694,000 | 732,000 | 1,906,000 |
| Securities available for sale | 245,000 | 240,000 | 240,000 | 243,000 |
| Securities held to maturity | 77,118,000 | 78,143,000 | 85,259,000 | 82,207,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 119,130,000 | 111,874,000 | 116,197,000 | 116,776,000 |
| Interest-bearing deposits | 115,550,000 | 108,494,000 | 112,454,000 | 114,835,000 |
| Noninterest-bearing deposits | 3,580,000 | 3,380,000 | 3,742,000 | 1,940,000 |
| Equity capital | 27,590,000 | 27,946,000 | 27,970,000 | 27,447,000 |
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 | 4,055,000 | 8,065,000 | 12,037,000 | 15,833,000 |
| Interest expense | 2,270,000 | 4,508,000 | 6,710,000 | 8,892,000 |
| Net interest income | 1,785,000 | 3,557,000 | 5,327,000 | 6,941,000 |
| Noninterest income | 12,000 | 20,000 | 26,000 | 127,000 |
| Noninterest expense | 884,000 | 1,932,000 | 3,225,000 | 4,328,000 |
| Provision for loan losses | 121,000 | 114,000 | 161,000 | 1,374,000 |
| Pretax income | 792,000 | 1,531,000 | 1,967,000 | 1,366,000 |
| Income tax | 298,000 | 576,000 | 740,000 | 514,000 |
| Net income | 494,000 | 955,000 | 1,227,000 | 852,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 27,593,000 | 27,954,000 | 27,976,000 | 27,451,000 |
| Total capital | 28,387,000 | 28,648,000 | 28,708,000 | 29,357,000 |
| Risk-weighted assets | 154,351,000 | 154,093,000 | 152,603,000 | 155,239,000 |