Call reports 2008
MECHANICS BANK — 2008
What MECHANICS 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 | 316,239,000 | 321,371,000 | 321,951,000 | 334,661,000 |
| Total loans | 257,057,000 | 262,521,000 | 268,197,000 | 274,359,000 |
| Allowance for loan losses | 2,303,000 | 2,296,000 | 2,308,000 | 2,363,000 |
| Securities available for sale | 16,324,000 | 17,942,000 | 17,346,000 | 15,876,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 274,483,000 | 279,136,000 | 279,753,000 | 291,291,000 |
| Interest-bearing deposits | 264,464,000 | 268,885,000 | 269,286,000 | 279,868,000 |
| Noninterest-bearing deposits | 10,019,000 | 10,251,000 | 10,467,000 | 11,423,000 |
| Equity capital | 30,447,000 | 30,718,000 | 30,995,000 | 31,609,000 |
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 | 4,484,000 | 8,867,000 | 13,374,000 | 17,851,000 |
| Interest expense | 1,635,000 | 3,196,000 | 4,661,000 | 6,057,000 |
| Net interest income | 2,849,000 | 5,671,000 | 8,713,000 | 11,794,000 |
| Noninterest income | 433,000 | 915,000 | 1,462,000 | 1,949,000 |
| Noninterest expense | 2,316,000 | 4,621,000 | 6,983,000 | 9,473,000 |
| Provision for loan losses | 70,000 | 137,000 | 206,000 | 289,000 |
| Pretax income | 896,000 | 1,924,000 | 3,082,000 | 4,087,000 |
| Income tax | 291,000 | 631,000 | 1,015,000 | 1,350,000 |
| Net income | 605,000 | 1,293,000 | 2,067,000 | 2,737,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 30,240,000 | 30,650,000 | 30,993,000 | 31,386,000 |
| Total capital | 32,347,000 | 32,790,000 | 33,141,000 | 33,587,000 |
| Risk-weighted assets | 168,351,000 | 171,016,000 | 175,917,000 | 178,515,000 |