Call reports 2008
KENT BANK — 2008
What KENT 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 | 115,432,000 | 113,149,000 | 104,581,000 | 99,024,000 |
| Total loans | 74,998,000 | 77,371,000 | 71,183,000 | 66,049,000 |
| Allowance for loan losses | 401,000 | 500,000 | 482,000 | 871,000 |
| Securities available for sale | 31,636,000 | 28,831,000 | 27,412,000 | 21,723,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 89,268,000 | 86,699,000 | 79,610,000 | 83,196,000 |
| Interest-bearing deposits | 84,301,000 | 80,846,000 | 75,672,000 | 78,968,000 |
| Noninterest-bearing deposits | 4,967,000 | 5,853,000 | 3,938,000 | 4,228,000 |
| Equity capital | 10,442,000 | 9,751,000 | 10,150,000 | 8,884,000 |
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 | 1,761,000 | 3,440,000 | 4,917,000 | 6,360,000 |
| Interest expense | 1,001,000 | 1,845,000 | 2,573,000 | 3,229,000 |
| Net interest income | 760,000 | 1,595,000 | 2,344,000 | 3,131,000 |
| Noninterest income | 69,000 | 154,000 | 232,000 | 324,000 |
| Noninterest expense | 490,000 | 991,000 | 1,538,000 | 1,997,000 |
| Provision for loan losses | 0 | 100,000 | 125,000 | 1,572,000 |
| Pretax income | 397,000 | 745,000 | 1,020,000 | 54,000 |
| Income tax | 0 | 5,000 | 10,000 | 3,000 |
| Net income | 397,000 | 740,000 | 1,010,000 | 51,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,146,000 | 9,329,000 | 9,599,000 | 8,639,000 |
| Total capital | 9,547,000 | 9,829,000 | 10,081,000 | 9,510,000 |
| Risk-weighted assets | 83,005,000 | 84,510,000 | 79,077,000 | 73,697,000 |
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