Call reports 2008
ATLANTIC STEWARDSHIP BANK — 2008
What ATLANTIC STEWARDSHIP 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 | 585,464,000 | 619,390,000 | 605,538,000 | 607,008,000 |
| Total loans | 427,603,000 | 450,779,000 | 443,788,000 | 439,663,000 |
| Allowance for loan losses | 4,571,000 | 4,768,000 | 5,930,000 | 5,166,000 |
| Securities available for sale | 85,651,000 | 94,223,000 | 94,014,000 | 87,381,000 |
| Securities held to maturity | 35,419,000 | 33,897,000 | 33,655,000 | 46,864,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 477,770,000 | 510,533,000 | 492,991,000 | 506,761,000 |
| Interest-bearing deposits | 443,315,000 | 477,662,000 | 458,075,000 | 476,773,000 |
| Noninterest-bearing deposits | 34,455,000 | 32,871,000 | 34,916,000 | 29,988,000 |
| Equity capital | 43,709,000 | 43,340,000 | 43,293,000 | 44,833,000 |
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 | 8,611,000 | 17,283,000 | 26,146,000 | 34,820,000 |
| Interest expense | 3,371,000 | 6,404,000 | 9,386,000 | 12,305,000 |
| Net interest income | 5,240,000 | 10,879,000 | 16,760,000 | 22,515,000 |
| Noninterest income | 919,000 | 1,894,000 | 2,768,000 | 4,114,000 |
| Noninterest expense | 4,436,000 | 8,943,000 | 13,269,000 | 17,769,000 |
| Provision for loan losses | 100,000 | 360,000 | 1,535,000 | 3,585,000 |
| Pretax income | 1,664,000 | 3,527,000 | 4,785,000 | 5,378,000 |
| Income tax | 534,000 | 1,143,000 | 1,502,000 | 1,593,000 |
| Net income | 1,130,000 | 2,384,000 | 3,283,000 | 3,785,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 42,956,000 | 43,614,000 | 43,848,000 | 44,068,000 |
| Total capital | 47,527,000 | 48,382,000 | 49,726,000 | 49,234,000 |
| Risk-weighted assets | 449,066,000 | 470,830,000 | 470,158,000 | 465,745,000 |