Call reports 2008
CHELSEA STATE BANK — 2008
What CHELSEA STATE 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 | 204,735,000 | 199,661,000 | 196,888,000 | 214,249,000 |
| Total loans | 140,423,000 | 140,075,000 | 141,694,000 | 142,324,000 |
| Allowance for loan losses | 2,064,000 | 2,148,000 | 2,239,000 | 2,001,000 |
| Securities available for sale | 19,697,000 | 25,227,000 | 24,323,000 | 28,282,000 |
| Securities held to maturity | 14,077,000 | 12,808,000 | 13,581,000 | 13,706,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 172,902,000 | 168,476,000 | 164,989,000 | 182,508,000 |
| Interest-bearing deposits | 143,348,000 | 137,792,000 | 132,052,000 | 150,177,000 |
| Noninterest-bearing deposits | 29,554,000 | 30,684,000 | 32,937,000 | 32,331,000 |
| Equity capital | 24,379,000 | 23,800,000 | 23,612,000 | 23,395,000 |
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 | 3,014,000 | 5,820,000 | 8,575,000 | 11,249,000 |
| Interest expense | 1,047,000 | 1,848,000 | 2,575,000 | 3,314,000 |
| Net interest income | 1,967,000 | 3,972,000 | 6,000,000 | 7,935,000 |
| Noninterest income | 247,000 | 490,000 | 645,000 | 1,470,000 |
| Noninterest expense | 1,327,000 | 2,744,000 | 4,292,000 | 5,702,000 |
| Provision for loan losses | 60,000 | 150,000 | 1,240,000 | 1,380,000 |
| Pretax income | 827,000 | 1,568,000 | 1,113,000 | 2,323,000 |
| Income tax | 222,000 | 416,000 | 203,000 | 539,000 |
| Net income | 605,000 | 1,152,000 | 910,000 | 1,784,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 23,896,000 | 23,687,000 | 23,432,000 | 22,624,000 |
| Total capital | 25,841,000 | 25,626,000 | 25,384,000 | 24,613,000 |
| Risk-weighted assets | 155,475,000 | 154,950,000 | 155,671,000 | 161,034,000 |