Call reports 2008
FIRST NATIONAL BANK OF POWHATAN POINT, THE — 2008
What FIRST NATIONAL BANK OF POWHATAN POINT, THE 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 | 21,774,000 | 21,918,000 | 22,386,000 | 22,365,000 |
| Total loans | 7,801,000 | 7,701,000 | 7,067,000 | 7,485,000 |
| Allowance for loan losses | 134,000 | 129,000 | 130,000 | 150,000 |
| Securities available for sale | 10,147,000 | 9,817,000 | 10,719,000 | 10,686,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 18,826,000 | 19,056,000 | 19,478,000 | 19,465,000 |
| Interest-bearing deposits | 13,480,000 | 13,781,000 | 14,310,000 | 14,487,000 |
| Noninterest-bearing deposits | 5,346,000 | 5,275,000 | 5,168,000 | 4,978,000 |
| Equity capital | 2,829,000 | 2,753,000 | 2,808,000 | 2,782,000 |
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 | 276,000 | 549,000 | 817,000 | 1,081,000 |
| Interest expense | 78,000 | 153,000 | 226,000 | 296,000 |
| Net interest income | 198,000 | 396,000 | 591,000 | 785,000 |
| Noninterest income | 29,000 | 58,000 | 86,000 | 114,000 |
| Noninterest expense | 150,000 | 293,000 | 446,000 | 662,000 |
| Provision for loan losses | 0 | 0 | 0 | 20,000 |
| Pretax income | 81,000 | 168,000 | 238,000 | 228,000 |
| Income tax | 17,000 | 25,000 | 42,000 | 29,000 |
| Net income | 64,000 | 143,000 | 196,000 | 199,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,782,000 | 2,791,000 | 2,845,000 | 2,770,000 |
| Total capital | 2,916,000 | 2,920,000 | 2,975,000 | 2,893,000 |
| Risk-weighted assets | 11,525,000 | 11,524,000 | 13,664,000 | 9,835,000 |