Call reports 2008
ARMED FORCES BANK, NATIONAL ASSOCIATION — 2008
What ARMED FORCES BANK, NATIONAL ASSOCIATION 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 | 803,840,000 | 809,140,000 | 798,337,000 | 861,531,000 |
| Total loans | 591,270,000 | 607,902,000 | 590,206,000 | 540,661,000 |
| Allowance for loan losses | 20,615,000 | 18,582,000 | 24,945,000 | 17,155,000 |
| Securities available for sale | 112,649,000 | 111,462,000 | 96,298,000 | 106,855,000 |
| Securities held to maturity | 2,479,000 | 1,459,000 | 0 | 0 |
| Trading assets | 24,000 | 0 | 0 | 0 |
| Total deposits | 680,561,000 | 693,611,000 | 678,360,000 | 746,040,000 |
| Interest-bearing deposits | 485,367,000 | 505,499,000 | 491,941,000 | 506,410,000 |
| Noninterest-bearing deposits | 195,194,000 | 188,112,000 | 186,419,000 | 239,630,000 |
| Equity capital | 97,520,000 | 99,736,000 | 106,051,000 | 102,946,000 |
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 | 11,884,000 | 22,541,000 | 32,951,000 | 42,715,000 |
| Interest expense | 3,082,000 | 5,809,000 | 8,311,000 | 10,573,000 |
| Net interest income | 8,802,000 | 16,732,000 | 24,640,000 | 32,142,000 |
| Noninterest income | 23,607,000 | 48,883,000 | 75,887,000 | 101,774,000 |
| Noninterest expense | 14,348,000 | 28,287,000 | 42,931,000 | 57,227,000 |
| Provision for loan losses | 14,300,000 | 29,300,000 | 39,300,000 | 64,000,000 |
| Pretax income | 5,576,000 | 9,843,000 | 20,111,000 | 14,716,000 |
| Income tax | 1,925,000 | 3,354,000 | 7,051,000 | 4,832,000 |
| Net income | 3,651,000 | 6,489,000 | 13,060,000 | 9,884,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 85,232,000 | 88,103,000 | 94,749,000 | 91,668,000 |
| Total capital | 93,292,000 | 96,579,000 | 103,003,000 | 99,218,000 |
| Risk-weighted assets | 653,151,000 | 667,862,000 | 643,476,000 | 595,201,000 |