Call reports 2009
OPTIMUMBANK — 2009
What OPTIMUMBANK reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 265,757,000 | 282,995,000 | 269,869,000 | 269,777,000 |
| Total loans | 163,849,000 | 160,329,000 | 156,435,000 | 143,473,000 |
| Allowance for loan losses | 1,827,000 | 3,297,000 | 2,878,000 | 9,363,000 |
| Securities available for sale | 246,000 | 245,000 | 0 | 0 |
| Securities held to maturity | 86,597,000 | 94,476,000 | 86,747,000 | 81,139,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 126,944,000 | 146,170,000 | 138,318,000 | 153,607,000 |
| Interest-bearing deposits | 124,720,000 | 143,374,000 | 134,922,000 | 151,483,000 |
| Noninterest-bearing deposits | 2,224,000 | 2,797,000 | 3,397,000 | 2,124,000 |
| Equity capital | 27,475,000 | 25,330,000 | 24,992,000 | 16,012,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 3,689,000 | 7,646,000 | 11,203,000 | 14,014,000 |
| Interest expense | 2,110,000 | 4,246,000 | 6,245,000 | 8,076,000 |
| Net interest income | 1,579,000 | 3,400,000 | 4,958,000 | 5,938,000 |
| Noninterest income | 9,000 | 15,000 | 20,000 | 27,000 |
| Noninterest expense | 982,000 | 2,065,000 | 3,280,000 | 4,732,000 |
| Provision for loan losses | 405,000 | 4,507,000 | 5,240,000 | 15,794,000 |
| Pretax income | 201,000 | -3,157,000 | -3,542,000 | -14,561,000 |
| Income tax | 75,000 | -1,188,000 | -1,333,000 | -3,371,000 |
| Net income | 126,000 | -1,969,000 | -2,209,000 | -11,190,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 27,478,000 | 25,333,000 | 24,992,000 | 16,012,000 |
| Total capital | 29,305,000 | 27,813,000 | 27,363,000 | 18,342,000 |
| Risk-weighted assets | 161,956,000 | 197,619,000 | 189,198,000 | 179,366,000 |