Call reports 2007
ARMED FORCES BANK, NATIONAL ASSOCIATION — 2007
What ARMED FORCES BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 816,894,000 | 806,067,000 | 762,055,000 | 815,412,000 |
| Total loans | 490,160,000 | 435,901,000 | 566,410,000 | 600,786,000 |
| Allowance for loan losses | 10,740,000 | 10,168,000 | 9,391,000 | 8,894,000 |
| Securities available for sale | 110,274,000 | 109,578,000 | 110,695,000 | 111,639,000 |
| Securities held to maturity | 14,268,000 | 13,275,000 | 12,998,000 | 2,796,000 |
| Trading assets | 0 | 0 | 0 | 3,000 |
| Total deposits | 695,713,000 | 691,726,000 | 633,943,000 | 693,048,000 |
| Interest-bearing deposits | 457,608,000 | 459,080,000 | 547,634,000 | 471,894,000 |
| Noninterest-bearing deposits | 238,105,000 | 232,646,000 | 86,309,000 | 221,154,000 |
| Equity capital | 94,857,000 | 97,470,000 | 101,078,000 | 103,304,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 12,842,000 | 26,139,000 | 40,393,000 | 55,703,000 |
| Interest expense | 2,559,000 | 5,504,000 | 8,571,000 | 11,782,000 |
| Net interest income | 10,283,000 | 20,635,000 | 31,822,000 | 43,921,000 |
| Noninterest income | 22,398,000 | 46,148,000 | 69,966,000 | 94,482,000 |
| Noninterest expense | 13,366,000 | 27,012,000 | 40,689,000 | 55,266,000 |
| Provision for loan losses | 250,000 | 250,000 | 250,000 | 550,000 |
| Pretax income | 19,065,000 | 39,521,000 | 60,849,000 | 82,587,000 |
| Income tax | 7,019,000 | 14,564,000 | 22,438,000 | 30,468,000 |
| Net income | 12,046,000 | 24,957,000 | 38,411,000 | 52,119,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 83,210,000 | 86,145,000 | 89,701,000 | 91,513,000 |
| Total capital | 90,445,000 | 92,732,000 | 97,589,000 | 99,614,000 |
| Risk-weighted assets | 575,136,000 | 524,291,000 | 629,724,000 | 670,703,000 |