Call reports 2008
GRANITE MOUNTAIN BANK, INC. — 2008
What GRANITE MOUNTAIN BANK, INC. 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 | 51,789,000 | 51,949,000 | 53,938,000 | 53,678,000 |
| Total loans | 39,182,000 | 40,193,000 | 40,042,000 | 37,690,000 |
| Allowance for loan losses | 315,000 | 305,000 | 503,000 | 748,000 |
| Securities available for sale | 4,189,000 | 3,442,000 | 3,218,000 | 3,174,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 45,974,000 | 46,043,000 | 47,117,000 | 47,539,000 |
| Interest-bearing deposits | 34,474,000 | 33,198,000 | 34,504,000 | 34,056,000 |
| Noninterest-bearing deposits | 11,500,000 | 12,845,000 | 12,613,000 | 13,483,000 |
| Equity capital | 4,936,000 | 4,956,000 | 5,183,000 | 4,865,000 |
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 | 942,000 | 1,794,000 | 2,640,000 | 3,425,000 |
| Interest expense | 181,000 | 357,000 | 523,000 | 666,000 |
| Net interest income | 761,000 | 1,437,000 | 2,117,000 | 2,759,000 |
| Noninterest income | 177,000 | 267,000 | 864,000 | 942,000 |
| Noninterest expense | 560,000 | 1,096,000 | 1,644,000 | 2,248,000 |
| Provision for loan losses | 0 | 0 | 200,000 | 449,000 |
| Pretax income | 378,000 | 608,000 | 1,137,000 | 1,004,000 |
| Income tax | 150,000 | 243,000 | 547,000 | 290,000 |
| Net income | 228,000 | 365,000 | 590,000 | 714,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,876,000 | 4,930,000 | 5,154,000 | 4,828,000 |
| Total capital | 5,191,000 | 5,235,000 | 5,651,000 | 5,310,000 |
| Risk-weighted assets | 38,372,000 | 39,143,000 | 39,782,000 | 38,284,000 |