Call reports 2008
BANK OF GASSAWAY — 2008
What BANK OF GASSAWAY 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 | 158,990,000 | 154,897,000 | 161,765,000 | 166,611,000 |
| Total loans | 73,551,000 | 72,929,000 | 77,956,000 | 82,669,000 |
| Allowance for loan losses | 1,561,000 | 1,421,000 | 1,350,000 | 1,422,000 |
| Securities available for sale | 55,536,000 | 63,795,000 | 60,700,000 | 60,345,000 |
| Securities held to maturity | 3,189,000 | 1,190,000 | 1,190,000 | 1,145,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 137,763,000 | 134,274,000 | 140,420,000 | 145,422,000 |
| Interest-bearing deposits | 99,310,000 | 99,212,000 | 103,142,000 | 104,986,000 |
| Noninterest-bearing deposits | 38,453,000 | 35,062,000 | 37,278,000 | 40,436,000 |
| Equity capital | 20,026,000 | 19,584,000 | 20,446,000 | 20,488,000 |
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 | 2,065,000 | 4,129,000 | 6,228,000 | 8,339,000 |
| Interest expense | 600,000 | 1,199,000 | 1,777,000 | 2,374,000 |
| Net interest income | 1,465,000 | 2,930,000 | 4,451,000 | 5,965,000 |
| Noninterest income | 179,000 | 378,000 | 518,000 | 747,000 |
| Noninterest expense | 1,150,000 | 2,317,000 | 3,533,000 | 4,841,000 |
| Provision for loan losses | 0 | 0 | 0 | 100,000 |
| Pretax income | 494,000 | 991,000 | 1,436,000 | 1,771,000 |
| Income tax | 188,000 | 321,000 | 461,000 | 627,000 |
| Net income | 306,000 | 670,000 | 975,000 | 1,144,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 19,646,000 | 20,010,000 | 20,315,000 | 20,339,000 |
| Total capital | 20,595,000 | 20,953,000 | 21,310,000 | 21,383,000 |
| Risk-weighted assets | 75,323,000 | 74,955,000 | 79,208,000 | 83,118,000 |