Call reports 2008
PLATINUM BANK — 2008
What PLATINUM 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 | 29,484,000 | 37,230,000 | 51,392,000 | 56,694,000 |
| Total loans | 27,601,000 | 33,818,000 | 50,177,000 | 52,942,000 |
| Allowance for loan losses | 290,000 | 379,000 | 552,000 | 583,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 2,388,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 22,549,000 | 30,328,000 | 39,867,000 | 47,382,000 |
| Interest-bearing deposits | 17,257,000 | 24,628,000 | 33,973,000 | 41,861,000 |
| Noninterest-bearing deposits | 5,292,000 | 5,700,000 | 5,894,000 | 5,521,000 |
| Equity capital | 6,819,000 | 6,637,000 | 6,410,000 | 6,811,000 |
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 | 510,000 | 1,115,000 | 1,888,000 | 2,741,000 |
| Interest expense | 139,000 | 322,000 | 582,000 | 939,000 |
| Net interest income | 371,000 | 793,000 | 1,306,000 | 1,802,000 |
| Noninterest income | 19,000 | 40,000 | 62,000 | 90,000 |
| Noninterest expense | 516,000 | 1,052,000 | 1,641,000 | 2,233,000 |
| Provision for loan losses | 47,000 | 136,000 | 309,000 | 340,000 |
| Pretax income | -173,000 | -355,000 | -582,000 | -681,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -173,000 | -355,000 | -582,000 | -681,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,819,000 | 6,637,000 | 6,410,000 | 6,811,000 |
| Total capital | 7,109,000 | 7,016,000 | 6,962,000 | 7,394,000 |
| Risk-weighted assets | 29,413,000 | 35,339,000 | 50,584,000 | 54,617,000 |